Derba Cement, one of MIDROC Ethiopia’s subsidiaries, is planning to expand its cement plant at a cost of300 million USD. The expansion project is expected to take from 18 – 24 months.
Derba Cement’s CEO, Haile Assegide, explained Derba was preparing to build a second plant in Chancho City. Upon completion, the plant would have the capacity of producing 25 million quintals of cement in a year, he furthered.
Source: http://www.2merkato.com/news/alerts/4536-ethiopia-derba-to-expand-with-300-million-usd