Ekos Steel officially inaugurated


South Korean based company, Ekos Steel Plc was officially inaugurated last Tuesday in the presence of President Mulatu Tshome (PhD), who initially invited the company to invest here.
EKOs which obtained an investment license in June 2014 sits on 10 hectares of land plans to produce   210,000 tons of rebar and wire rod products to provide import substitution. When the second phase is completed they plan to enhance their capacity to 500,000 tons per year.
The company invested USD 30 million to create the company. It employs 100 people.
Finally our talk has changed into reality and I hope Ekos will play an important role in steel industry of my country,” President Mulatu said.
Shell H. Choo CEO of Ekos said his company will do his best to serve the local demand.