Rimon was established in 2005 EC or 2013 GC. The company was formed as a private limited company organization. With the visionary aim of taking Rimon to a greater level, the company was established as family business.
Rimon was established with a capital of ETB 300,000 /USD 10,000/. The main business focus, back when it was established revolved around exporting of livestock and grown to a business with capital of ETB 24 million /USD 800,000/. The number of employees, office facility, asset, good will and brand equity has grown tremendously as well. Statistically the above has grown by nearly 300% since its establishment back in 2005 EC or 2013 GC. The annual turnover of Rimon has grown from ETB 31,420,560.40 million /USD 500,000/ to ETB 316,734,951 million /USD 10 million/ in six years period of time. Rimon exports its products to countries like KSA /Kingdom of Saudi Arabia/, Yemen and Egypt.
Rimon has also moved from mere export of live animal to the export of Chat, sesame and import of various items that include aluminum, iron road, vehicles, machineries, spare parts, edible oil, chemicals, house hold items and food items. The business has also made concentric and conglomerate diversifications by moving into real estate. The work force of Rimon has also grown proportionally.
Rimon is also engaged in import of various products that have contributed to development and success of customers and our country as a whole. The company is envisioning diversifying into various sectors that include
- Five star hotel,
- Opening of meat processing factory or big abattoir,
- Engage in real estate development,
- Tour and travel.
Such concentric and conglomerate diversifications will give Rimon all the engulfing strength to generate wealth to the nation and secure long term sustainable profit to the organization.
Rimon is legally established organization with strong and fast growing track record. Its head office is located around Bole Square in Addis in front of Brass Hospital second floor of Bole ABCO building.