Textiles, Apparel and Luxury Goods
Company Overview of Bahir Dar Textile Share Company
Bahir Dar Textile Share Company manufactures and markets textiles. The company was founded in 1954 and is based in Bahir Dar, Ethiopia.
P.O. Box 15
Founded in 1954
251 8 200104
251 8 202012
Key Executives for Bahir Dar Textile Share Company
Bahir Dar Textile Share Company does not have any Key Executives recorded.
Bahir Dar Textile Share Company Key Developments
PPESA Aims To Privatize 15 Companies
Jul 14 15
Privatization & Public Enterprises Supervising Agency aims aims to privatize 15 selected public enterprises from a total of 27 remaining enterprises still owned by the government. The enterprises yet to be privatized are: Agricultural Mechanization Service Enterprise, Awash Melkassa Aluminium Sulpahte & Sulpheric Acid S.C., Adami Tulu Pesticide Processing S.C., Caustic Soda S.C., Transport Construction Design S.C., Ethiopian Mineral Development Share Company, Artistic Printing Enterprise, Bahir Dar Textile Share Company, Kombolcha Textile Share Company, Billito Siraro Agricultural Development Enterprise, Awassa Agricultural Development Enterprise, National Alcohol Processing SC, Langano Resort Hotel, Adola Gold Development Enterprise, Ethiopian Pulp and Paper Factory SC and Shebelle Transport SC.
PEPSA Fails To Sell Stakes In Five Firms
Feb 16 15
The Public Enterprises Privatization Service Agency (PEPSA) has failed to sell stake in any of the five enterprises it had targeted for the first half of the 2014-2015 fiscal year. The Agency’s Communications Head, Wondafrash Assefa told Fortune that the possible sales failed because no bidders could be attracted. These companies were Bahir Dar Textile Share Company, Kombolcha Textile Share Company, Agricultural Mechanization Service Enterprise, Ethiopia Crown Cork & Can Manufacturing Industry Share Company, and Billito Siraro Agricultural Development Enterprise. Accoridng to the official, companies that were interested to buy the enterprise were found to be financially incapable compared to the current status of these enterprises. He stated, “We believe that our enterprises are profitable, so we determine their prices based on market evaluation.” With respect to this, PEPSA has already announced a bid for the aforementioned three companies whose financial opening will be made in March 5, 2015. Moreover, it insisted companies to buy enterprise via negotiation schemes such as Bahir Dar S.C and Kombolcha Textile S.C.
PPESA Seeks Buyers For Bahir Dar And Kombolcha
Sep 29 14
The Privatisation & Public Enterprises Supervising Agency is looking for buyer for Bahir Dar Textile Share Company and Kombolcha Textile Share Company. The private buyers need to submit their applications up till October 6, 2014. Previously, the Agency had floated tenders for both companies with an initial price of one billion Birr for each, but no one showed any interest. "We focus on good proposals and business plans from investors that can make the companies more profitable, rather than simply a high monetary offer," said Wondafrash Assefa, the Agency's communications head.
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