AFRICANGLOBE – The five months old crane manufacturing company, KIG, is set to begin production in a month time after receiving machinery and inputs.
KIG has already installed eight production cranes at its production plant that lies on 6,000 square meters. The installed production cranes each have a 20 tones capacity. Yet, according to KG’s managing director, Kahsay Gebregziabher, production has been stalled because of delivery delay in sheet metals and other machineries KIG has ordered.
Kahsay noted, three months ago his company ordered five containers from Germany and Italy. The freights each had 25 tons of sheet metals bought for U.S $ 600 per ton and were expected to be delivered in a month time. However, it was only three of them that arrived at the Modjo Dry Port, according to the managing director.
Production started two months ago, as per the plan. The company has also ordered production machinery, which it still has not taken delivery of.
In addition to these, according to Kahsay, KIG has a 23 Million Birr order from the Metal and Engineering Corporation (MeTEC) for 10 cranes.
KIG was established with a capital of 300 Million Birr by KG Engineering and Lucernini, an Italian company. The cranes it plans to produce has a capacity ranging from 10 tons to 50 tons and are going to be sold from three Million Birr to 22 Million Birr, respectively.
According to Kahsay, his company is the second of its kind in Africa and has the potential to export its products to other African nations.
The production capacity of KIG initially will be five cranes a month.