| Presentation of the Company: |
ELICO was established in August 1997 as the leather wing of MIDROC Ethiopia to manage and operate two tanneries and a leather garment and leather goods manufacturing factory that were acquired from the Ethiopian Privatization Agency.Production and export of finished sports and dress gloving leather from sheepskin, finished shoe upper from goat and sheepskin, finished goat suede, and cow hide crust. The export sales make up 75% of ELICO's revenue.Finished shoe upper from cowhide, sheep finished lining, finished sheep garment, goat finished lining, leather garment, leather goods and small leather articles. Domestic sale constitutes 25% of ELICO's sales. |