October 11, 2011

Ethiopian Bitumen Market

A US Fortune 500 company, DuPont is preparing to enter potential markets in Ethiopia created by the government’s Growth and Transformation Plan (GTP). The company, placed 84th on the fortune 500, has initially focused its attention on the construction of roads.

The GTP includes plans to extend asphalt roads by over 100000Km across the country said Richard Ntombella, senior sales and technical officer for DuPont Sub-Saharan Africa. He added that improving road infrastructure is integral to the GTP and the economic development of the country.
“With the Road Network as the main supply chain for exporting and importing goods, it is essential that the infrastructure is capable of supporting GDP growth, as it plays a critical role in the development of other industries” said Ntombella at a the DuPont seminar held at Sheraton Addis to introduce its asphalt technology, Elvaloy.

The Asphalt materials previously used in road construction in Ethiopia have failed to withstand the demands made by heavy traffic and weather conditions explained Ntombella. Elvaloy has long been in use internationally as an additive to bitumen to help resist deterioration in the asphalt according to DuPont.
The Addis Ababa Roads Authority (AARA) and the Ethiopian Roads Authority are considering introducing the use of Elvaloy in upcoming road construction programs, according to sources. Both authorities were represented at the seminar conducted by DuPont.

The Dupont subsidiary in Ethiopia, pioneer, has been in business in Ethiopia as a supplier of high yield seeds for the past twenty years according to representatives of the organization.
Source: The Reporter
http://www.2merkato.com/20111010432/fortune-500-company-to-enter-potential-markets-in-ethiopia
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