LICON and MC-Bauchemie celebrate launch of joint venture in Ethiopia
On 19 and 20 February 2019, LICON and MC-Bauchemie celebrated the official launch of their joint venture in Addis Ababa, Ethiopia. MC-Bauchemie presented itself as LICON’s new majority shareholder at three events, variously aligned to construction industry professionals and government and administration representatives, customers and the LICON’s employees.
LICON was founded in Addis Ababa in 2009
At the end of November 2018, MC-Bauchemie had acquired the shares in LICON Manufacturing PLC, a manufacturer of plasters, renders and construction products, previously held by CONMIX Ltd., a building products manufacturer domiciled in the United Arab Emirates. A number of shares owned by minority shareholder LICA PLC were also purchased as part of the package.
LICON was founded in Addis Ababa in 2009 and since then has been producing plasters, tile adhesives, mortar, concrete admixtures and repair materials for the Ethiopian construction market. The company currently employs over 80 people in production, R&D, administration and sales.