Ethiopian Investment Holdings announces that it signed a shareholder’s agreement for the establishment of Toppan Gravity Ethiopia, an investment initiated to strengthen its print manufacturing portfolio. This venture will operate in the securities printing business ecosystem.
Toppan Gravity Ethiopia will be Toppan’s manufacturing hub for Africa and aims to be a key player in the continent and beyond. Once operational, this will have direct impact on print related import substitution and acceleration of national effort to minimize counterfeit and forged documents.
Hong Kong based Toppan Gravity is a subsidiary of Japanese Toppan Leefung.