A Chinese Company Shows Interest To Engage In Paper Production In Ethiopia

Wenzhou Nixin Trading, a Chinese company with an investment capital of 300 million USD, has expressed its interest in producing paper in industrial parks.

Industrial Parks Development Corporation CEO Aklilu Tadesse, received the officials of the company in his office and discussed with them.

The officials of the company presented detailed information about their investment plans, and IPDC CEO, Aklilu Tadesse, briefed them about the investment centers in the corporation, incentives as well as infrastructure and service delivery.

Wenzhou Nixin Trading is a company that was established in 2011 and located in China. The company has 6 production bases around the world in Saudi Arabia, Ghana, Nigeria, Iran, and Azerbaijan, and it produces Fiber, Ceramics, Aluminum, and other types of products.

Furthermore, the company’s officials visited Bole Lemi Industrial Park in Addis Ababa, where the park provides investors with services such as electricity, water, and telecommunications at better prices compared to other similar countries. The Chinese delegation said that this positively impacted them to invest in the park.

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