Share Tweet Google Plus Share EmailItalian industrial vehicle manufacturing company, IVECO, recently supplied 160 Trakker, models AT380T38H 6×4 rigid trucks and AT720T42TH 6×4 tractor trucks to Phibela Industrial PLC, an Ethiopian edible oil (with 1.6 million liters per day), oilseeds crusher, specialty fats and oleo chemicals manufacturer. The Trakker trucks will be used to cover the route between Djibouti and Bure. It imports 95% its demand from edible oil producing countries like Malaysia, Indonesia, and Singapore. The cooking oil demand of the Ethiopian market is 507,191 tonnes annually, of which almost 95% is imported edible oil. Therefore, the establishment Phibela Industrial PLC in Ethiopia can significantly contribute to significant savings in the country’s foreign currency expenditure.

Source: Ethiopian News February 10, 2021 10:30 UTC