The history in a few words...
The present form of ANBESSA SHOE SHARE is a result of many changes and reorganizations, which took place over the past 80 or more years. Documentary evidences indicate that the factory has passed through the following institutional rearrangements or reorganization processes:
- In 1927, Anbessa is launched and the shoe production begins
- In 1939, private establish
ed the factory entrepreneur who operated it for only about 3 years.
- In 1942, the factory was taken over by an Armenian entrepreneur, Mr.Mardious Drakjan, who run the business for 33 years under the name DARMAR SHOE FACTORY. During this phase of its life, the company was engaged in the activity of both Shoe Marking and Tannery.
- In 1975, DARMAR was fully nationalized and organized as two public enterprises namely ANBESSA SHOE FACTORY and AWASH TANNERY. Which were put under the direct supervision of the National Leather and Shoe Corporation. The shoe-making unit of DARMAR, later called ANBESSA SHOE FACTORY, Started its operation as a public enterprise on February 10, 1975 with a fixed capital of Birr 445,000 and a total workforce of 334. This phase lasted for about 18 years until the Factory was reorganized to get more autonomy and operate with the recent free market policy framework of the country.
- In 1993, following the issuance of proclamation No. 24/85, the National Leather and Shoe Corporation was dissolved and ANBESSA SHOE FACTORY was reorganized to operate as an autonomous public enterprise and was put under an appointed managing board. At this stage, the capital of the company (in cash and kind) and kind reached Birr 6,335.000 and the total No. Of employee were 782.
- Over its long life, particularly since its nationalization,(Operating under the corporation mentioned above and as autonomous public enterprise) the factory has been trying to meet the demand for durable but reasonably priced shoes by the population. With such large segment of the population still not using factory made shoes, the focus of the factory on price and durability meets two of the most important requirements of the potential customer.
- In 2011 Anbessa Shoe Share Company become a private company !!!
