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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.
Make me proud. This should be what Ethiopian all about. Yetenake entin endamilut..watch out BMW.
FREE MARKET IS THE WAY TO GO, CAPITALISIM NOT SOCIALISM OR DICTATORSHIP. meles the PUG CAN’T the world with his tiny monkey brain. alot of money is being made but its going in the hands of the bandits, thiefs, mafia boys from adwa.
meles allow FREE MARKET TO flourish and STOP WAGING WAR AGAINST your neighbors and fellow east africans. and allow KEDEMTI SERAWIT WOYANET TO leave somalia and eritrea territories immediatley. PEACE IS THE KEY FOR development.
“This cooperation is combining…the knowledge of the local market(ethio holland)"?? loooooooooool
How can a co. be a reliable market-knowledge source in a country where free market is next to non existent( and off course, where the existing one is fully controlled by the TIGRAYS)???
I bet the owner himself is a TIGRAY!!
waw…will be so proud when i see it on
street (wish i know the brand tho, anyone?
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
THIS IS GOOD NEWS
PHILLY WHY YOU HATEING?
this is good news, a good step! hope it’s main Office is in AA not in Mekelle.
We have to be proud not that we have a car or money. But we have to be proud that we are with God. He is only who can give us the true hapinnes and freedom.
Then freedom and hapinnes is not far!
Truth be told
Why do you have to be so cynical? Why do you hate so much that it is very difficult for you to accept the truth?
Be happy when yo hear good news. that is good for your health. that is good for us your brothers and sisters. and that is good for your country.
one at time,
wow i love it…..
How can an Ethiopian company have a name like ” Ethio-Holland PLC?”
I am sure it is at least a share company which makes Holland Car a 75% foreign company.
My guess is Holland is using Ethiopia as dumping place for used cars and yet making profit out of it.
I will find out…..stay tuned.
I love it I hope oneday soon i will drive the car MADE IN ETHIOPIA .
What is wrong Mitu? It is Abay automobile as they stated.
OMG Don’t some you folks read well? Nowhere in the news is mentioned a used car. There really is no limit to the universe and to human stupidity
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