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AL-ASR INDUSTRIES PLC - Addis Ababa, Ethiopia

Sub City Bole,Kebele 03, House # 2030/B


Al-Asr Industries plc was established in 2007 as a fully foreign owned textiles manufacturing unit with an initial capital of US$ 01.00 million. After the arrival and erection of machineries, commercial production started in September, 2008.

The company is fully foreign-owned and the sponsors (shareholders) have vast experience in textiles manufacturing. Encouraged by the huge untapped potential of the local market and dependence on imported textiles, the company embarked upon an ambitious expansion plan in 2010. The local Ethiopian market is to a great extent dependent on imports. It can be safely assumed that every year tens of millions of US Dollars are used up on textile imports. The sponsors saw this gap and decided to set up an integrated textiles factory in Ethiopia focusing on the mass market. The main aim was to produce fabrics which are used by the general population. Moreover, the safe and secure investment climate offered by Ethiopia coupled with her investor friendly policies made it the obvious choice for the sponsors to invest in Ethiopia. 

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