North Holdings Investment Inc to construct Ethiopian plant

North Holdings Investment Inc, an Ethio-American company based in the US, is to build an 8.4Mta cement factory in the Amhara Regional State near Dejen town.

Company president, Temesgen M. Bitew, told The Reporter that his company is planning to build the two-line plant as well as set up a transport company and coal preparation plant. At an estimated cost of US$800m, Temesgen said the firm will secure the loan from a London-based investment bank.