Project LAB is Ethiopia’s producer of three critical raw materials—Sodium Silicate, LABSA, and SLES—essential for the country’s soap and detergent industry. The company operates three production plants, has a wide customer network (over 140 clients), and continues to expand its product portfolio and capacity. Recent investments have doubled its production capacity and added specialty chemicals and mineral processing operations.
Market leader: Only local manufacturer of Sodium Silicate, LABSA, and SLES
Broad customer base: 140+ clients across Ethiopia
Exceptional growth: 5-year revenue CAGR of 58%; 2022 revenue $46.7M
Strong profitability: EBITDA CAGR of 68% (local currency) over 5 years
Major capacity expansion recently completed (200% increase)
New plants for specialty chemicals and mineral processing
Significant ownership by Ascent Rift Valley Fund and Miracle LLC
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