Renowned foot-ware Company embarks upon production

The Director General of the Ethiopian Investment Agency, Mr. Abi Woldemeskel visited ARA Shoes AG (Ethiopian Branch) on 8th November 2010, along with the staffs from the Manufacturing Projects Facilitation and Aftercare Directorate with the Agency to follow up the progress of the project.

During the visit, Abi was briefed on the overall activities of the project by Mr. Gruenkranz Mario, General Manager of the Company. After briefing, Abi expressed his appreciation about the commitment and success of the Company.

ARA Shoes AG (Ethiopian Branch) has embarked upon the production of shoes and uppers destined 100 percent for export. The company uses 50% of finished leather from local market and 50% from abroad. A planned capital of the Company has been estimated at 25,000,000.00 Birr.

The project utilizes 2.27 hectares of land in Akaki, Addis Ababa. The Company is currently produces 1000 pairs of shoes per day, and has a plan to expand the factory to produce 7500 pairs of shoes per day.

The export markets of the Company are Romania and Portugal. ARA Shoes AG is a well known Company around the world, and has headquarters in Germany. Its production sites are in Portugal and Indonesia.