Getachew Eshetu, General Manager and owner of AFRO ASIA Technical Trading Enterprise., Pavel Arkadievich, owner of Troliza, and Ayvazov Yury, Head of the Board of Consortium "Rus Afro-trol" ,which will finance the electrical system of the J.V.'s future products.
said the factory, a.k.a., "Rus Afro-trol", will be installed at Debre Markos town of the Amhara region, on a 43 hectares plot of land.The new establishment has already secured license from the Ethiopian Investment Agency
Upon commencing operation, the industry will initially export its products to four African countries including the Sudan, according to Getachew
said the bus would be cost effective.
According to the company's plan, the factory will initially supply its outputs to public consumption with affordable fares.
Each bus the factory will be producing will have a capacity to carry150 to 200 people at a time.
The factory is expected to create job opportunities for over 5000 people when it commences operation.The company will encourage and hire more women to curb women unemployment rate in the country, according to Getachew