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China's Geely Cars May Be Manufactured in Ethiopia by 2017

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11/14/12

Permalink 11:05:31 pm, by nazret.com, 444 words   English (US) latin1
Categories: Manufacturing

China's Geely Cars May Be Manufactured in Ethiopia by 2017

Ethiopia to manufacture Geely Cars in three to five years

China's Geely Cars May Be Manufactured in Ethiopia by 2017

By William Davison

Nov. 13 (Bloomberg)
-- Ethiopia’s Mesfin Industrial Engineering Plc, a company linked to the ruling party, expects to build cars for China’s Geely Automobile Holdings Ltd. within five years, General Manager Habte Hadish said.

Mesfin Engineering, which is based in Mekele, 504 kilometers (313 miles) north of the capital, Addis Ababa, is now assembling six cars a day for Geely and wants to move into full production, he said. “Cars will be manufactured in Ethiopia,” Habte said in an interview in Addis Ababa today. “This can happen in the coming three to five years.”

Mesfin Engineering is part of the Endowment Fund for Rehabilitation of Tigray led by Azeb Mesfin, the widow of former Prime Minister Meles Zenawi. Effort, as the conglomerate is known, has interests in construction, cement, trucking and textiles. The Tigray People’s Liberation Front, led by Meles until his death in August, established the company in 1995 by amalgamating assets it acquired during a 17-year insurgency.

The TPLF is one of four parties in the ruling Ethiopian Peoples’ Revolutionary Democratic Front that has led the government since overthrowing Mengistu Hailemariam’s military regime in 1991. Mesfin Engineering’s revenue grew about 19 percent to 620 million birr ($34 million) in the year to July 7, Habte said. The company has forecast 1 billion birr in sales this fiscal year, he said.

State Growth

The company designed and produced around 400 truck trailers last year and has the capacity to build more than 2,000 a year, Habte said. It also assembles tractors for International Tractors Ltd., part of the Hoshiarpur, India-based Sonalika Group and India’s third-largest maker of the farm vehicles.

Mesfin Engineering has built leather, textile and coal-fired power plants for Effort companies and a government fuel depot, he said. It has signed contracts with the Industry Ministry to help build a garment factory near the capital and with the state-owned Sugar Corp. for a 100-million birr “tissue culture” nursery in the South Omo region primarily to produce plants for cane plantations.

The company expects its business from state enterprises to increase as the government has many large projects and wants to “enhance the local capability” in engineering, Habte said.

Ethiopia, the continent’s second-most populous country, plans to spend 144 billion birr in the current fiscal year on industries including transport, telecommunications, sugar, energy and housing in the third year of a five-year industrialization plan.

The government, which recorded a trade deficit of $7.5 billion last year, operates a state-led development model that targets public and private investment in value-adding areas such as manufacturing and engineering in order to diversify an economy dominated by agricultural commodities.

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38 comments

Comment from: NoStRaDaMuS [Visitor]
As always the toxic diaspora are going to miss the big picture and cry about MIE. But for me, it is a good start. And I would like to see more. Big companies like Honda and Toyota’s assembly.
11/14/12 @ 23:39
Comment from: gudfela [Visitor]
Another propoganda to distract Ethiopians on not YET tangible things. China's Geely cars "maybe" manufactured in Ethiopia. Is out right lie. There are many Chinese laboreres in China willing to do this, that is why China is developed because it used its mass populations as laborers to grow their economy. As result many have transfered from low to middle class. it is a big plus. Since the death of Meles, perhaps now is the West is more controlling Ethiopia therefore, no more China and development. Rather, it is loan and debt via IMF and World Bank. This article is to mislead Ethiopians that China is still working with Ethiopia, I doubt it. I doubt if there is negotiations. Let me hope my guess is incorrect. As more political turmoil is planned, by posting "good" things about Ethiopia which is false, they want to divert attention of Ethiopians. Nazret.com, I hope you are not playing the game of TPLF by misleading Ethiopians. Do you do a thorough investigation on articles before you post? "Maybe" doesn't sound to me it is a credible news.
11/15/12 @ 00:58
Comment from: sami [Visitor]
Another headache for toxic opposition groups.
11/15/12 @ 01:05
Comment from: sf [Visitor]
State Growth
"The company designed and produced around 400 truck trailers last year and has the capacity to build more than 2,000 a year."
Is that a big deal to produce around 400 truck trailers per year?
Laughing jackass!!!!!!
11/15/12 @ 01:10
Comment from: Gebru [Visitor]

WOW ! Ethiopia First.
There is also another news American Boieng plan to move it's seattle plant to Addis Ababa. Idiots in the Diaspora "Erere Belu !"
11/15/12 @ 02:26
Comment from: Seattle [Visitor]
Cadres,
Get down of your horses. Stop jamming the airwaves with your nonsense. No one hate progress. But the quesiton here is why the Tigray Edowment Fund is every where and in every business?Bidding on every government contract?

If Azeb and Co bid on a contract, would you think the average joe will win the bid over these thugs?
Where is the fairness here?I doubt if the fund is used for its intended purposes. which is to help the people of Tigray.

The is a classic example of Kelptocracy.
11/15/12 @ 02:55
Comment from: TEDDY [Visitor]
*****
What a JOKE .They are anouncing such a stupid information as if they are producing Limousine cars .They said the fake "Mesfin Engeneering " .A proper place to produce such a thing of bad qualities .The other joke ,even in China peoples do not buy such kind of cars .What next maybe Tata cars produced in Mekelle ....LOL !!!!!Hey Gebru if your source information is Mr Pig Ben you really have the good one ...LOL !!! Apple shall transfer its Silicon Valley Research Center in Mekelle because thay have found out that Mekelle University has advanced IT Technologies...LOL !!!And Monsato shall open his World Wide Seed production center in Tigrai invited by Azeb Mesfin to feed Tigrai Peoples...LOL !!!
11/15/12 @ 03:53
Comment from: Mamo [Visitor]
Who is Mesfin? Is he Azeb's father?


"Ethiopia’s Mesfin Industrial Engineering Plc, a company linked to the ruling party"


Is Mesfin Industrial not part of EFFORT? Is it the ruling party (EPRDF) linked company?


If it not linked to EPRDF but to EFFORT, then China or any foreign company need to be careful having anything including business relation with this the worst ever criminal company against Ethiopia caused so many crimes including in day lights and public blatantly for 21 years. EFFORT is a TPLF Criminal business cartel/monopoly functioning beyond the nation rules and regulations that are too strict and hard against other Ethiopian businesses and companies but too friendly towards EFFORT. It is Like EFFORT itself has written Business rules and regulation in Ethiopia where everything good has to be for EFFORT and bad against the rest of Ethiopian people.

EFFORT didn't pay custom revenues and income taxes for many years especially during the first 10-15 years. In the 1990s till the Eritrean war (1998), it used Matsawa and Assab ports for import and export without paying anything to the Ethiopian revenue. It also uses Sudan port for import and export without check and balance for the benefit of Ethiopia.

Because of it is importing without import custom tax, it is selling import products with low price with high turnover while those paying import and income tax became unable to compete and as a result bankrupted. Because of it is getting favor contracts and market places and is not paying income taxes as it should be, it is also affecting other companies with domestic products and markets. EFFORT never be audited by professional and independent Auditor but cover up by TPLF that is controlling Ethiopia for 21 years.

As long as EDDORT activities from the beginning including its start capital is not investigated and audited, EFFORT remains like the West Indian company of this Time in Ethiopia.

China or any foreign company having/looking to have anything to do with EFFORT is just seeking problems among the Ethiopian people. If China wants a stable and long term relationship with Ethiopia, she must not have any deal with EFFORT which is a TPLF private criminal company milking, looting, using and damaging Ethiopia for the last 21 years.

EFFORT must be Nationalized as it was created from the start with capital came from Ethiopia and all its business activities were illegal and affected Ethiopians. The profit EFFORT is getting are not real profits but stealing Ethiopians in legal ways. In other words, EFFORT has to be the Ethiopian people company.
11/15/12 @ 05:45
Comment from: tutu [Visitor]
wey teddy
From eritrean embassy
Why are you so interested on Ethiopian affairs?
SEATLE THE SILTIE
Your brother in merkato is messing with his stinky mouth chewing his chat tells you to write your garbage on his behafe
Gudfela aka teddi essayass afeworki
Good news always is distructing you i dont now from what???
Some of you calling diaspora this diaspora that, please think twise before you insult everyone because of these few idiot Eritreans.
Our country should whatever it takes to get out of poverty. It doesnt matter whoever it is to invest and create jobs for the poor.
11/15/12 @ 08:39
Comment from: Heny [Visitor]
WILLIAMS Davison'
How liar you are, dude!! The distance between Makalle and AddisAbaba is not 504 km. it is nearly 700 km instead. Also you seem to have been paid and shout for the disarrayed toxic diaspora enemies of my country Ethiopia. you are the satans' messenger, mr Davison.
11/15/12 @ 08:52
Comment from: Ethiofriendly [Visitor]
One Day Ethiopia will Rise!

We are on the journey, little by little....

If you don't like it, you don't like Ethiopia, I don't have comment on this, as it is sickness it is your problem.

Ethiopia Rise!
11/15/12 @ 09:04
Comment from: Belay [Visitor]
"
The Tigray People’s Liberation Front, led by Meles until his death in August, established the company in 1995 by amalgamating assets it acquired during a 17-year insurgency"
-------------------------------well you have to give it to tplf/eprdf, for they do not only organized and fought to bring down one of the largest army and defeat it, but they were also economist and business men in their own capacity to create a multibillion birr company that is the engine of ethiopias economy which has been showing some lives and growing steadily for the last 5-10 years, this one might add while increasing ethiopias basic infrastracture by many folds. no matter how much one down plays it is not common in ethiopia or in africa for that matter to use resources for building a car manufacturing industry or a cement factory or many of the industries as they did, it usually ends up in few people pockets at swiss bank..yes you hate them or love them you have to admire them!
11/15/12 @ 09:44
Comment from: behizb atalagtu [Visitor]
As an Ethiopian saying goes..'Doron siyataliluat bemechagna taluat' Is EFFORT the only company in Ethiopia? Why is it bidding for every contract and winning all? It is simple. The Ethiopian gov't is controlled by TPLF leaders and these same people are also the leaders of EFFORT.So apparently there is a conflict of interest here. Therefore EFFORT had been winning and is likely to win all future lucrative contracts from the gov't.There is no Ethiopiawinet in them but only Tigrawinet.
If these thugs believe they will get away with EFFORT they are simply fooling themselves. People know EFFORT's assets and capitals from its inception belong to the mass,Ethiopian public, not of Tigray or TPLF. Only time will tell.Motenalla!!!! Let it profit and expand. It won't go anywhere.It will surely become National company by hook or crook.GOD BLESS ETHIOPIA AND HER PEOPLE!!!
11/15/12 @ 10:37
Comment from: Amchie [Visitor]
Belay

What cheap and crap lies after lies you are vomiting here? Do you think Ethiopians don't know the truth about TPLF from its creation (by Shabia) all its actions/ and nature including EFFORT? Everyone knows about woyane more than woyane knows itself.

Everyone knows who were the TPLF and their financial status before they took power by force and holding the nation under their ownership to do anything they want including creating EFFORT with Ethiopian people money and using markets no one could compete with them but scrambling on the leftovers after woynes got the lion shares.

So, no matter what you little woyane cadres are saying, the truth is there and not only the Ethiopian people but also Shabia(your master) and the world know what kind position woyane had during 17 years war against Ethiopia. TPLF was so poor unable even to feed itself. It was financed by the outsiders (Ethiopian enemies) to fight for them thinking they were fighting communism in Ethiopia during the time the world was divided with east and west/cold war. Today is a very different world.

So, you cann't behave the way you do for the last many years using Little bold meles as a cover. He is dead following the people he killed them with plenty but with no reason at all except he being woyane and the rest were not.

11/15/12 @ 11:02
Comment from: GIza [Visitor]
"Mesfin Industrial Engineering Plc, a company linked to the ruling party"

This is a clear misleading case.

"Mesfin" is the name of a Male person in Ethiopia. Mesfin Industrial means an industry owned by Mesfin.

So how come a private owned company became linked with the ruling party?

Who is the ruling party in Ethiopia today especially after Meles's very much welcomed death?

Who is Mesfin as a person who got an Industrial name after his name?
11/15/12 @ 11:14
Comment from: Girum [Visitor]
Dear All,
You are all primitive-short-sighted-problematic-idiotics.

The story is about car being manufactured in Ethiopia in the near future. Instead the story went about:
Mesfin
Azeb
Tigray,
EPRDF
Toxic Diaspora
Woyane
Shaebia
Effort
California (Sillicon Valley).

Can you my Habesha people grow up and discuss something relevant.
eg. What is the size of the car, is it affordable, can they find raw materials locally, how many can they produce per year, size of the car etc.
11/15/12 @ 12:07
Comment from: addis zemen [Visitor]
Tutu,..

Seatle silte! Exactly, seatle is a silte woyala.
TEDDY, the coocoo asshole shabian, and gudfala atella asshole shabian.
It is always refreshing and entertaining to see these losers cry whenever positive news is posted here.
HaHaHaHa!!!
11/15/12 @ 12:11
Comment from: Manbelew Menesha [Visitor]
Ethiopia shows the great success in every sector and never ever go back we must work very hard to be change
the face of ethiopia and ethiopian's good luck for ever.
11/15/12 @ 12:53
Comment from: jak [Visitor]
It is funny to see some qimalam agames taking shit and boosting over tplf.1) many of tplf leaders starting from meles are eritherians 2) you are poorer than ever, if is few who is benefiting!!! Evidence?? Go to the street of finfinne and see the beggers, tigrians has replaced amhara
11/15/12 @ 14:13
Comment from: Azanaw [Visitor]
For those of you who are genuinely keen to know who Mesfin is, he was a hero martyred while fighting the great guardian of Poverty's (Mengistu Hailemariam) regime.

He was also the technical maestro during the fight against Dergue.
11/15/12 @ 14:22
Comment from: TEDDY [Visitor]
*****
Tultula and Adgi before spreading futile lies on Patriotic Diasporas better you refresh your own family tree .Where you will soon find out that most of your ancestors were Eri guys ,Arab and Turkish Slaves, and your gran parents Italian Facist Ashkeris wed to Tigreans .Keep on shiting on yourselelveses ,LEKAMMI WUSHA BANDOTCH !!!!!!If you are looking for your Shabyan bros we invite you to call your Amice Bros ,Samora ,Bereket ,Berhane ,your dead leba master family members and his then Menelike Palace Amice guys..LOL !!!!!
11/15/12 @ 14:34
Comment from: Geffersa [Visitor]
Azeb trying too hard to get the backing of tigray people specially after her husband death, she knows her survival at arat kilo is counting down, There is no where she gets protection except in makelle. Aboy Mesfin engineering company bla bla is part of the propaganda by Azeb's looting wing of weyanne. china Geely in 2017 is far away, anything can happen between now and then.
11/15/12 @ 14:35
Comment from: TEDDY [Visitor]
Mesfin another fake Hero created by Agazi Bandits as the Virtual amora and UFO Meles from whom the Dead Crime Minister took his nickname ...LOL !!!!When Legesse Financing ,Gebremedehin Holly Printing ,Alahmoudi Islamic Butchery ,Kenfe Detective Institut , Hayalom Mercenary Center ,why not Azeb Escort Girls Center ...LOL !!!!
11/15/12 @ 14:47
Comment from: Netdar [Visitor]
Once more the TPLF junta is consolidating all the major businesses of the country. They r putting down any form of decent by force and building towards the Tigray republic while the rest of the country is fooled. Time to rise up and take the country back from these monkeys.
11/15/12 @ 15:22
Comment from: Bethihu [Visitor]
*****
I would like to congratulate to all the managers-employees of the Mesfun Engineering for their hard work, for providing great service to the Ethiopian people, and for showing the lazy people who seemed like they existed in this world just for crying nonsense - negatives that what can be done by Ethiopian & in Ethiopia ...

Sorry for them cyber warriors, and cry babes that they are continually showing their idiotic frustration by shitting behind their PC, whenever they come across to a good news about Ethiopia...LOL.

Listen people, put up or shat up! Spreading gossip stories and empty bluffing will get you nowhere, and mostly you should know that you have no place in today's Ethiopia with your unproductive stupid attitude....

God bless the world!!

11/15/12 @ 15:25
Comment from: Extraterrestrial [Visitor]
Endi neger mendenewe shabiya hulu tencherecheru lol

Ere tergagu yehi eko begehade yemiwrawe newe bezu projctoche alu be mistere.

Ethiopia is on the move!
11/15/12 @ 15:26
Comment from: Nostra Daimus [Visitor]
****-
NoStRaDaMuS
You are a copy cat like the Chinese.
The real Nostra is me imposter!
Eritrea also the liberation front are doing the same sh*t. All major businesses are run bythem. Even during the hard times they refuse to bring the Eritrean money they have hidden in Sudan and other countries.
You know the way things going in the world with all these wars economies around the world will fall and all the money that you Shabias have stashed overseas will not be worth the paper is printed on. Better give it back to the people in Eritrea and Ethiopia.
11/15/12 @ 16:42
Comment from: HagereEthiopia [Visitor]
So long as all this stays in Ethiopia it is not a problem. Effort's investments belong to the Ethiopian people because it is money Tplf looted, sooner the Tplf leboch are kicked out, the better. Till then, the factory will still remain in Ethiopia, the business with china will continue. Its all cool so long as the Tplf leboch do not get to take the money and run when they are overthrown:)
11/15/12 @ 19:47
Comment from: Seattle [Visitor]

Addis zemen ye Mekele Gurage.

I was not talking about Endowment Fund for rehabilitation of Gurage.

Meches ye ante neger.

Wish I am a Silte. unlike you the Agazis, these hard working people earn their money the old fasion way. THEY EARN IT.

No one can say that for the Government of the thieves, by the thieves, and for the thieves

11/16/12 @ 02:25
Comment from: gudfela [Visitor]
AZ,

Wow, you are calling every tplf we oppose Shabia? You must be Shabia yourself to divert attention from yourself. By the way, do you know that the TPLF you are supporting IS Shabia itself.? You are still confused.

Hagere Ethiopia,

I am sure you are Shabia now. you fool, have you not heard of over seas banks? In addition, the money can be used to develop Eritrea as TPLF=Shabia
11/16/12 @ 05:22
Comment from: yohanns [Visitor]
is it governments property it is ok, u know the econmical difficulty ib europe, it is due to privete property.
th e question is are they doing well or no.
if u want to join u to america all'the engineers working in Mesfen Engineering to drive taxi, and clean house is ok. But u will see we shall over come everything and we shall not only wonder for africa but even to your country america. u will riman to shout , we shall remain to do and live history to our children.
11/16/12 @ 12:30
Comment from: HagereEthiopia [Visitor]
Menew jal gudfela, no woyane will consider me shabia and no fool lives here.

It is quite stupid of you and many others to oppose or try and stop or label bad every thing these idiots do even when it benefits the country. It is also very foolish of you to assume that I, or Ethiopians, are not aware of where these leboch may put the dollars. The trick is to get them before they get to it.

Again, any form of development is good for Ethiopia.
Tplf is NOT shabia. Tplf = woyane:)

Bro, Ethiopians need to get on the same page. We have one problem and it is political, not ethnic, not religious, but political.. a disagreement with Tplf/Eprdf.
11/16/12 @ 15:25
Comment from: MAX.DEVP.WITH MIN.TIME!WAY TO GO ETHIOPIA! [Visitor]
@NEY SAYERS
THE PLANT IS IN TIGRAY.WHAT THAT MEANS IS ANY ERTREAN WANTS TO BUY CAR FROM THIS CO.WILL PAY LESS MONEY BECAUSE OF LESS TRANSPORTATION COST.
11/16/12 @ 18:21
Comment from: CHERU [Visitor]
@ Gebru and @ heni,
Why you hate on diaspora this much? You guys are so annoying and immature. I am not against anybody, but as a former diaspora now working on my small business, I found you comments to be unethiopian. Let me tell you something, 90% Ethiopians living overseas don't support this government, and this is true for most middle east and African diaspora. Yes, it is true that there is more freedom in America than in Ethiopia. Don't be stupid!! Ethiopia is like a small village in early 18th century America if we talk the truth. No offense but we have to accept it! Look at the photos of DC in 1850 and compare it to Addis Ababa of today...then you will shut your stinky mouth. The only people who hate on diaspora are pro-woyane Tigre and EPRDF members suffering from inferiority complex and information deficit respectively. Less than three million Ethiopian diaspora contributed $4 billion dollars to their mother country when you banda gebre and gebru ship as much overseas. Maferiya Tsila....
11/16/12 @ 23:20
Comment from: gudfela [Visitor]
Hagere Ethiopia,

How can you explain that or are you naive that and trying to avoid the Eritreans within TPLF? so we know TPLF is Weyane obviously but all those with Eritrean blood are since Meles Eritreans? why isn't many of you are avoiding this fact? Do you think the could not compromise the country for the sake of Eritrea? No one is saying Weyane is not part of it they are. I believe the architects are the Eritreans descendants. In conclusion? The alliance between these groups of Eritreans and Weyane might materialize the unison between Eritrea and Tigray as one region and powerful military and economically that the rest of Ethiopians will never fathom. So they want that power while showing negativities towards other Ethiopians. I wouldn't have minded if they are powerful but their attitude towards others is very negative that could jeopradize Ethiopia. That is why with or without Isays, they want Eritrea not for the reason to live in peace but to either consolidate power at the expense of others or to secede totally. If we are not able to identify who is who in the TPLF then we are in trouble.
11/17/12 @ 23:46
Comment from: HagereEthiopia [Visitor]
I will not disagree with you, gudfela, about the considerable influence shabia once had on woyane.. but these days I doubt it because woyane has the upper hand economically and whatever else. But it is possible that the secession desire may once again rise. The question is, would they be willing to lose all those billions of $s of aid just to secede knowing without the rest of Ethiopia both Tigrai and Ertra are just.. nothing but a pile of rock.

Woyane has a good paying job going on, dude. I doubt they will let go nor let shabia in on the profit.
11/18/12 @ 20:12
Comment from: Tulu Proud ET [Visitor]
Seattle

What is wrong with you?
Gurages are highly respected, loyal and hardworking people.

Don’t ever mention Gurage name in the same breath with addis zemen, aka TPLF mouth hodam cadre living of off stealing and crime.

This the forgotten minuscule lowlife creature has no human nature. The worse of the worse mankind ever landed on earth. Ethiopia will be so happy to lose such kind.
11/19/12 @ 14:33
Comment from: Afarman [Visitor]
Its time to move forward, there is no one stopping us. We will manufacture cars, trucks, motorbikes, tanks, airplanes etc the sky is the limit.

Let the toxic diaspora recycle lies, let the toxic diaspora manufacture news, let the toxic diaspora come up with this or that analysis....etc

we will manufacture and build in Ethiopia, the only thing Ethiopia wont do is one thing, allowing those toxic elements to destabilize Ethiopia.

We will continue to extend our support to all those who are working day in and day out to see a developed Ethiopia. Mesfin Industrial Engineering/EFFORT is doing a fantastic job in creating jobs and technology transfer.

EFFORT pays hundreds of millions of birr to Customs and Revenue, how on earth should we allow the toxic Diasporas who pay no tax to have a free ride on Ethiopian politics. This is funny, some of them do have a foreign citizenship too, but they keep on indulged in Ethiopian politics. OMG

I think the EPRDF has the right antidot whic h can neutralize those forces, we need to detox them
11/19/12 @ 15:46

Comments are closed for this post.

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