Fabrimetal Ghana Limited, a state-of-art local steel manufacturing facility, has again introduced to the Ghanaian market an innovative line of merchant bars, increasing the local investments to $40 million.
The local steel manufacturing giant, at a ceremony on Tuesday, November 30, inaugurated a newly installed state-of-the-art Section Mill to manufacture Angles, Flat bars, Square bars and Channels adding to the existing re-bars, a new range of steel bars.
In attendance was the Deputy Minister of Trade and Industry, Michael Okyere Baafi, and the Deputy Minister of Communications, Ama Pomaa Boateng, Member of Parliament for Yendi and Board Chairman for Ghana Integrated Iron and Steel Development Corporation (GIISDEC), Alhaji Farouk Aliu Mahama, former Deputy Minister for Health Dr Bernard Okoe Boye and the DCE for Ningo Prampram, Al Atiff Tetteh Amanor.
As demands for steel products keep rising, Fabrimetal Ghana Limited in association with Roofing’s Uganda established a subsidiary in the manufacturing of quality roofings and steel products ranging from tubes, MS plates and roofing accessories which bring investments to another $10million.
Roofing’s and Steel Ghana Ltd is steadily growing the local manufacturing economy and generating foreign revenue through exports to other West African Countries while reducing the dependence on imports of these products.
As an employer of choice, Fabrimetal Ghana Ltd is currently managing a trained workforce of more than 800 direct employment and indirectly employing 2,000 contractors with a commitment to making an economic, environmental and social impact on the future of Ghana’s industrial economy.
Striving for excellence in administration and manufacturing, Fabrimetal Ghana has contributed to a resilient economy by enabling the financial sustainability of all employees.
The Managing Director of the Company, Rohit Raj, in an interview, disclosed that the company started with a melting furnace and a rolling mill and subsequently increased its capacity to meet the commercial demands of the steel industry while maintaining the same international quality of products.
The feat, according to him, has led to the company consistently offering a high quality import substitution at a competitive price and creating a benchmark for other industry players in steel manufacturing.
Fabrimetal Ghana Ltd established in Ghana due to the political stability, social environment, the language and the firm belief in the potential of the Ghanaian economy as it continues to evolve.
“Another key driving motivator is the availability of raw materials to enable manufacturers sustain business through access to raw materials.
“We also believe that Fabrimetal Ghana Ltd can work closely with Government of Ghana to formalize and better regulate the natural resources to ensure a more robust eco-system.”
The General Manager of Fabrimetal Ghana Ltd, Franklin Jose, said the inauguration is expected “to increase our human capital capacity by employing, training and empowering skills to create stable jobs for the youth in the community and the nation at large”.
“We believe in the people of Ghana and the great potential which is key in motivation to continually renew investments in the local economy.”
He said they also believe that Ghana becomes an excellent hub for the other neighbouring countries in West Africa so it places Ghana in a very good spot to manufacture steel products for export purposes.
“We would like to take this opportunity to thank the people of Ghana for accepting and endorsing the brand, and to our partners and customers for patronizing our products and also to the artisan community for constantly promoting quality through their skills.
We assure Ghanaian of our continuous support as it only gets better.
Fabrimetal Ghana Ltd has pioneered various investments in the local steel manufacturing industry over the past years with an initial investment of $30 million and an additional $10 million for the newly installed Section Mill.
These investments are beneficial to the industrial economy by locally manufacturing import substitutes while enabling a self-reliant economy.
Fabrimetal Ghana Ltd not only established a state-of-the-art facility but is consistently investing in new machinery to redefine quality in product delivery.
“This achievement is made possible as a result of the great sense of confidence in the Ghanaian people; a key motivating factor for the immense investments Fabrimetal Ghana Ltd continues to make in the Ghanaian economy.”
Source: 3news.com|Ghana