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Ethiopia - Holland Car P.L.C to export Abay automobile to Holland
Holland Car P.L.C, the first car assembly company in Ethiopia, reached agreement with Het Zuiden Investment BV to export Abay, a locally assembled automobile, to Holland.
Company General Manager, Engineer Tadesse Tessema and Representative of Het Zuiden Investment BV, Carlo Van Hal signed the agreement here on Friday.
Speaking at the occasion Engineer Tadesse said "We intend to export 3000 cars annually in the future."
Abay automobile, which is inaugurated on November 2007, has been accepted overwhelmingly by market. The company has already decided to expand the factory in order to meet the market demand .
The agreement is believed to create a better business image and help to increase investment flow to Ethiopia.
Carlo Van Hal on his part said his company is interested to supply the car to other European countries.
Holland Car is assembling and distributing cars in Ethiopia. It is established in 2005 and is a joint venture between the Dutch company Trento Engineering BV in Sittard and the Ethiopian company Ethio-Holland PLC in Addis Ababa .
This cooperation is combining the expertise of production equipment and processes (Trento) and the knowledge of the local market (Ethio-Holland). The production-site of 20.000 square meters is situated in Modjo, about 65-km south of Addis Ababa.
I bet the owner himself is a TIGRAY!!
It is called Abay. Can't you read the heading? Or have you lost your eyes in Sawa.
what is the name of the car? A car without a name who owns the name of the car? It was report it's been five years since the co. started in ethio....has any been sold any where? If yes where and for how much? If anybody reading this could answer for me.....that would make my day
is a joint venture between the Dutch company Trento Engineering BV in Sittard and the Ethiopian company Ethio-Holland PLC in Addis Ababa.
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