CAMCE signed Commercial Contract of Remaining construction of Ethiopia BELES-1 sugar factory project on 17th, December 2018. Vice President Liu Shengcheng of CAMCE and Vice President Abraham Demissie of Ethiopian Sugar Company put their signatures on the contract.
Located at Amhara of Ethiopia, the project contains the construction of raw sugar workshop, refined sugar workshop and combined power station with its work scope including design, supply of material, civil engineering, installation, commissioning and training. The project amount stands at USD 95Million with completion time of 14 months.
The implementation of this project will benefit CAMCE for it to further develop its business in sugar industry and expand its market share in Africa.