Paul Ries & Sons (Ethiopia) LTD.

Business on:
• Import Export

<p>The Company Paul Ries &amp; Sons started operations in Aden in Yemen in 1865 and operations in Addis Ababa, Ethiopia in 1885. The Company was active in exporting Ethiopian coffee, hides/skins and bewax up-to the Italian Invasion. </p><p>From 1947 the company was re-established in Addis Ababa by Mr. Bernard J Ries. </p><p>Since the 1950’s Paul Ries &amp; Sons (Ethiopia) Ltd., has been one of the prominent business enterprises in the country contributing to the development of Ethiopia. PRS was the first to introduce in the country: General Motors, Opel, Telefunken, Olympia, Procter &amp; Gamble, Guigoz, Galia, D.M.C , to mention few of them. </p><p>In 1959, the owners decided to restructure all their companies in Middle-East and Africa under the financial umbrella of an holding company named Near East Financial Company (N.E.F.C.) with a branch office in Geneva and Dubai. </p><p>In 1961, Paul Ries &amp; Sons opened the Engineering and Import/Export departments. This Departments grew very fast to stand on its own feet and Paul Ries &amp; Sons (Ethiopia) Ltd., created its first sister company under the name of "Ries Engineering Share Company" </p><p>In 1973 a second sister company, "Nyala Motors Share Company" was established. Nyala Motors S.C. deals with NISSAN Motors Vehicles and Nissan UD Trucks. </p><p>Today Paul Ries &amp; Sons are representing the following products in Ethiopia: </p><p>Since 1960 - Peugeot passenger cars. </p><p>Since 1999 - Tata commercial vehicles. </p><p>Paul Ries is exporter of Ethiopian Coffee since 1885 and also one of the founding members of Ethiopian Coffee exporters association. </p><p>The company is employing around 150 employees and having it’s main facility in Piassa in Addis Ababa, with representations also in Awassa and Mekelle.</p>