Ethiopian Review

Adama – The Nazareth Tractor Assembly Plant, one of the state-owned enterprises, has announced plans to assemble lower horse-powered tractors in a bid to enable local farmers procure its new product.

The assembly also said it has secured 33.7 million Birr income from sales of tractors and trailers over the last 10 months obtaining gross profit of over 3.6 million Birr.

Assembly acting manager, Fatuma Idris told ENA that her organization has already finalized a study aimed at undertaking market-centered reforms.

She said the assembly, in collaboration with Kaliti Steel Factory, envisages substituting the inputs and technologies being imported from Belarus.

According to the manager, the plant is enjoying huge market potential as a result of the ever-growing agro-industry, investment, construction, road, and water resource development sectors.

Hence, she said, the assembly will begin assembly of lower horse-powered tractors as of the coming Ethiopian fiscal year.

The assembly, established some 25 years ago, has 130 employees at present.

(ENA)