ADDIS ABABA – Industrial Parks Development Corporation (IPDC) has leased out factory sheds for Chinese firm, Shang Cheng Ltd, inside Debre Birhan Industrial Park.
In a brief statement today, the IPDC announced the agreement signed with the Chinese firm to lease three shades in the Industrial Park, located 131km north of Addis Ababa.
The agreement was signed between CEO of the Corporation, Sandokan Debebe, and General Manager of Shang Cheng Ltd, Candy Zhao, on Wednesday morning.
The company will join other international companies from China and France currently active in the industrial park dedicated solely to apparel and garment manufacturing.
Debris Birhan Industrial Park started operations two years ago with 8 factory sheds rented out to different investors that will export their entire products for export, according to information found from the IDPC’s website.
Featured Image: Officials of the IPDC and the Chinese Firm singed the lease deal on Wednesday morning [Photo IDPC]