Chinese Firm Affluence Starts Producing Transformers in Ethiopia

Affluence, a Chinese electronic equipment manufacturer, has officially begun producing transformers and digital meters in Ethiopia.

Affluence Electric Appliances manufacturing Plc launched production from its newly built plant at Bahir Dar Industrial Park.

The company set up the plant on a 5500 square meter shed that it acquired through lease contract with Industrial Parks Development Corporation (IPDC).

The IPDC has announced today that the manufacturing plant is now producing various transformers and digital meters and supplying them to the Ethiopian market.

The investment will play a major role for the government to increase access to electricity in the country, the IPDC states.

General Manager of Bahir Dar IP, Tiruye Kume said Affluence invested over 725 million birr in the electronic equipment manufacturing facility.

The plant will create job opportunities for more than 300 citizens when it starts production at full capacity, the General Manager of the industrial park added.

Bahir Dar IP is among the three Industrial Parks that the IPDC manages in Amhara Region. The other two are Kombolcha, and Debre Berhan.

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