News Column

Foreign Currency Saved By Fabricating Machinery Locally

August 25, 2014

Nesru Jemal

Hibret Manufacturing and Machinery Industry (HMMI) at the Ethiopian Metal Engineering Corporation has saved 1.5 billion Birr in foreign exchange by manufacturing several machines locally.

The industry has manufactured more than one thousand light and heavy duty machines in the recently concluded Ethiopian fiscal year, Deputy Head of HMMI, Capt. Mesfin Seyoum, stated.

HMMI has an annual capacity of manufacturing one thousand machinery with digital and manual operating systems.

Capt. Seyoum added beyond addressing local demands, HMMI has finalized preparations to export its internationally recognized brands to Rwanda, Djibouti and Sudan.

The first of its kind in East Africa in fabricating machinery, HMMI is engaged in manufacturing spare parts for vehicles, aircraft, heavy machinery, etc.

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Source: AllAfrica

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