BKG says Phibella leading African palm oil Industrial complex

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Belayneh Kindie Group (BKG) said Phibella Industrial complex as been producing 1,500 tons of palm oil a day, which is the leading in Africa, using the imported fruit of the oil palms from China, Indonesia, Switzerland, and others with a view to satisfying the national local palm oil consumption as well as to beefing up the export market.
Briefing journalists yesterday in connection to Phibella Industrial complex official inauguration today, BKG Board Chairperson Belayneh Kindie said the company is arduously working to well expand business in automobile, hotel industries apart from contributing its share to the development of the nation covering 60% of the oil demand at national level at present.

 

“Since we‘re principally focusing on import substitution, we‘ve planned to fully substitute the imported palm oil within the next five years. The company lying on 30 hectares of plot of land has at present created 3,000 job opportunities for citizens of whom many university graduates have joined,” he added.
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