Ethiopian footwear manufacturer Anbessa has emerged as the successful bidder in an auction to acquire a tannery in Bahir Dar, around 500 kilometres north of Addis Ababa.
The former Habesha tannery operated from 2011 until April 2019, making crust for export markets. When it ceased production, banks moved in and arranged the auction to recoup some of the money the previous owners owed.
Anbessa has said it plans to buy new machinery, to take production as far as finished leather, which it intends to use in its own footwear manufacturing operations. It also said it will build a new water treatment plant at the site.
After securing ownership of the tannery, Bamlaku Demissie, general manager of Anbessa, said: “We’ve been buying finished leather from the different tanneries. Now we’ll make our own.”
Source : https://leatherbiz.com