TradeInvestNigeria Staff
Posted on: Tue, 26 Feb 2008
Global Infrastructure Nigeria Limited has announced plans to modify key plants in the steel industry to the tune of US$200-million.
Global Steel Holdings Limited, a subsidary of Global Infrastructure, currently manages the Delta Steel Company at Aladja; the National Iron Ore Mining Company at Itakpe and the Ajaokuta Steel plant.
Sunil Manwati, president: business development of Global Steel Holdings Limited, said his company has faith in the future of Nigeria's steel industry, irrespective of recent allegations against them. Global Steel Holdings has been accused of not producing a sufficient amount of steel at Delta Steel, which it bought in 2004.
According to Manwati, the Delta Steel Company has so far produced 84 757 tonnes of steel rebars for the local market, and 2 540 tonnes for the West African market.
The new programme will create 3 000 direct and 6 500 indirect employment opportunities.
