Tomato Pulp & Ketchup - Industrial Project Service (IPS)

Company Description

Industrial Project Service (IPS) is one of Ethiopia’s pioneering consultancy and training providers, with over four decades of experience supporting industrial development. Established in 1982, the company has built a strong institutional foundation and extensive track record, positioning itself as a key player in advancing agro-industrial investments and sustainable value chains in Ethiopia.

Team

The project is led by a multidisciplinary team of economists, engineers, and financial specialists with extensive practical experience in industrial development, project design, and implementation.

Countries of Operation

Ethiopia

Ownership of Company

Local Company (100% local ownership)

Number of years since incorporated

43 years

Stage

Concept stage

Annual Revenue (in EUR)

EUR 250,000 – 500,000

Number of employees

51–100

Project Pitch

The Tomato Pulp and Ketchup Production project aims to establish a modern processing facility in Ethiopia to produce high-quality tomato pulp, paste, and ketchup for both domestic and export markets. Leveraging Ethiopia’s favorable agro-climatic conditions and extensive tomato cultivation across key regions, the project ensures a stable and sustainable supply of raw materials through contract farming, cooperatives, and commercial growers.

The facility will utilize advanced processing technologies, including washing, crushing, evaporation, homogenization, and aseptic packaging, ensuring high product quality, extended shelf life, and compliance with international standards. The project addresses structural gaps in Ethiopia’s agro-processing sector, notably post-harvest losses, seasonal oversupply, and market inefficiencies.

With strong import substitution potential and access to regional and international markets, including COMESA and Gulf countries, the project is well-positioned for scalable growth. By transforming fresh tomatoes into value-added products and utilizing by-products for animal feed and biofertilizer, it promotes resource efficiency and circular production models.

Aligned with Ethiopia’s agro-industrialization and food security priorities, the project will generate employment, support rural incomes, reduce import dependency, and contribute to foreign exchange generation, making it a commercially viable and impactful agro-processing investment.

Total Project Cost (in EUR)

EUR 5,528,143

Financing needs (in EUR)

EUR 3,869,700

Type of financing needed

Debt, Equity, Grant

Planned allocation of fundraising capital

Greenfield (new activity)