History of Horizon Addis Tyre, the only tyre factory in Ethiopia

Horizon Addis Tyre factory was set up 40 years ago with the support of the Ethiopian government.

“It moved on during the closed economy and later on as a part of the new technology revolution, it joined hands with Slovakian MATADOR to become MATADOR-Addis Tyre. Then MATADOR was sold globally to Continental. Continental subsequently decided to leave this country. After that the Horizon Plantations, which is part of MIDROC group, took over the shares of MATADOR and the company become Horizon Addis Tyre,” recalls Umesh Davera, General Manager of Horizon Addis Tyre Company.

“We are investing significantly in terms of upgrading existing technology and building of new skills of the people. We are focusing more on launching the new products that market needs by way of technical cooperation with the major partners globally. We want to make this local factory, which is the only tyre factory in Ethiopia, to have self-reliance in meeting the tyre needs of this country,” adds Davera.