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[Jan 2018] Peniel Industry Plc Latest Ethiopian News | Ethiopian Business Directory & Portal - Addis Biz

Peniel Industry Plc launched a 120-million Br crown cork manufacturing plant

Peniel Industry Plc launched its 120-millionBr crown cork manufacturing plant in Lebu on June 6, 2015.

The company which just started operations, has a capacity of one billion crown corks per year, with production expected to reach 1.8 billion with the installation of more machinery over the next six months, said Birtukan Abebe, an owner of the company. Going further into the business, the company has also leased 2,000sqm of land in Dukem for another factory where it plans to manufacture plastic bottle caps with an investment of

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