Taiwanese George Gloria Groups Shoe Corporation to expand investment in Ethiopia

Addis Ababa, August 6, 2015. The Taiwanese- based George Shoe Corporation of George Gloria Business Group stated that it will start to building a plant worth nearly USD 120 million soon.

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George Shoe installed its factory a year ago in its two sheds and started exporting its Shoe products.

The new plant is going to increase its production fivefold, and when it reaches its full capacity, it is expected to extend employment opportunity to around 1,000 people.

The company expressed that its products will be exported to China and the US markets. The new plant, which will be completed fully within five years, will be situated in Modjo town.

It planned to produce five million feet leather a month and production commence by next year, O.K. Kaul, General Manager of the Corporation, told the press.

Source: MFA

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