Ogabo Global Parfumerie and Bellose Lanka partner to manufacture cosmetics and perfumes in Ethiopia

Thursday, 12 July 2018 00:01 - - {{hitsCtrl.values.hits}}

Seated from left: Ogabo Global Parfumerie Chairman Deepal Nelson and Aleta Land Group of Companies Chief Executive Officer Habtamu Silla Standing from left: Overall project consultant/coordinator T. Bandara, Bellose Lanka and Ogabo Global Parfumerie Managing Director Chathura Perera, Ambassador to the Federal Democratic Republic of Ethiopia and the African Union Sumith Dassanayake and Isabella Socks Sri Lanka and Ethiopia Chairman Hemantha Kumar

Ogabo Global Parfumerie Ltd., one of the first companies in Sri Lanka manufacturing premium quality, designer perfumes with French fragrances and Bellose Lanka Ltd., a leading Sri Lankan professional cosmetics manufacturing company specialising in hair care recently signed a Joint Venture Agreement with the Aleta Land Group of companies, Ethiopia for the export of cosmetics and perfumes to Ethiopia and for the setting up of a cosmetics and perfume manufacturing plant in Ethiopia.

Ogabo and Bellose expect $ 1 million worth of exports to Ethiopia in the first year. Production is set to take place at a 50,000 sq. ft. state-of-the art, purpose built manufacturing plant in Addis Ababa, Ethiopia.

Ogabo Chairman Deepal Nelson, and Ogabo and Bellose Managing Director Chathura Perera signed on behalf of Ogabo Global Parfumerie Ltd. while Habtamu Silla signed on behalf of the Aleta Land Group of companies. The Agreement was signed at the Embassy of Sri Lanka to Ethiopia and the African Union in the presence of Ambassador to the Federal Democratic Republic of Ethiopia and the African Union Sumith Dassanayake, Isabella Socks, Sri Lanka and Ethiopia Chairman Hemantha Kumar, and Overall Project Consultant/Coordinator T. Bandara.

Ogabo and Bellose hope to utilise the infrastructure facilities present in Ethiopia to gain access into the African Union. The joint venture is set to bring benefits to both nations. The Sri Lankan economy will benefit substantially in terms of increased export revenue and an inflow in foreign currency.