With a total cost of 300 million birr, Kokob Paint factory, located at Bahir Dar, officially started production of ceramic, tile and paint.
The18, 000 hectares factory which took close to two years for construction created job opportunity for 500 people and have the capacity to produce 25 million liters of paint and 500,000 meters of ceramic tiles annually.
The factory extract the raw materials from Benishangul Gumuz Regional.
Gedu Andargachew, president of the Amhara Regional State at the opening said that the factory will play a big role in saving foreign currency.
The Factory is established by Beka General Trading Plc in Amahara regional state.
The company is also in the process to open other four companies.