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Ethiopian KOSPI Wins 67 Million Birr Contract
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Friday, 05 Aug 2005

Kombolcha Steel Products Industry PLC (KOSPI), a MIDROC Group Companies, has won a new contract to manufacture and deliver its products worth 67 million birr.

The contract agreement has been reached between KOSPI and the Ethiopian Electric Power Corporation, the first purchasing contract of its kind that ever entered into EEPCo with a local steel producing firm.According to this agreement, KOSPI will produce 30,000 steel electric poles with accessories, to be completed in a year’s time.

KOSPI, a private limited company owned by Sheikh Mohammed Hussein Ali Alamoudi, owner and Chairman of MIDROC Ethiopia, opened its first factory in Kombolcha, about 380 km from Addis Ababa in July 1999 , with an initial investment capital of 75 million birr.

The main objective of the company is to manufacture and sell different types of metal and engineering products, that are mainly applicable for construction.The company started producing three major initial products namely, corrugated sheets, special ribbed sheets and plain sheets for roofing, wall cladding and related construction activities .

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