Ethiopia's Industrial Leap: KOSPI Launches Advanced Door Factory
KOSPI launches state-of-the-art door manufacturing facility in Gelan, projected to save Ethiopia $50M annually in foreign exchange while advancing industrial capabilities and creating 250+ jobs.
KOSPI's newly inaugurated state-of-the-art door manufacturing facility in Gelan town, Ethiopia
In a significant boost to Ethiopia's manufacturing capabilities, Kombolcha Steel Products Industry PLC (KOSPI) has unveiled a cutting-edge door manufacturing facility in Gelan town, marking another milestone in the nation's journey toward industrial self-reliance and technological advancement.
Strategic Impact on National Economy
The state-of-the-art facility, a subsidiary of MIDROC Investment Group, is projected to save Ethiopia an impressive 50 million USD annually in foreign exchange. This development aligns perfectly with Ethiopia's ambitious construction sector modernization initiatives, demonstrating our growing industrial capabilities.
This factory will play a significant role in saving foreign exchange, creating jobs, and enhancing the nation's steel industry
Technological Excellence and Innovation
The facility showcases Ethiopia's commitment to technological advancement, following the path of other groundbreaking Ethiopian tech initiatives. The production line features:
- Advanced rustproof technology
- Fireproof door manufacturing capabilities
- Smart key integration systems
- Internal security camera features
Employment and Economic Growth
Built in just seven months across 8,400 square meters, the facility currently employs 150 people and is set to create more than 250 jobs when fully operational. This development comes as Ethiopia continues to demonstrate its leadership in technological advancement across various sectors.
Strategic Benefits for Ethiopia
- Significant reduction in foreign exchange expenditure
- Enhanced local manufacturing capabilities
- Increased employment opportunities
- Strengthened industrial self-reliance
KOSPI's expansion represents another step forward in Ethiopia's industrial renaissance, showcasing our nation's commitment to economic sovereignty and technological independence.
Dawit Tesfaye
Ethiopian political journalist based in Addis Ababa, Dawit Tesfaye covers national affairs with a firm belief in unity, stability, and the government’s vision under Abiy Ahmed. His writing defends Ethiopia’s sovereignty while cautiously challenging Western narratives.