Aarti Steel Plc is planning to inaugurate a one billion-birr factory in the Oromia Regional State, of Ethiopia. The Indian Steel manufacturing company established the factory on 40 thousand square meter of land in the Galan area of the region after obtaining a business license to invest in Ethiopia earlier this year.
The new factory is intended to produce galvanized corrugated steel said Dinesh Satti, Accounts Manager at Aarti Steel Company.
The company based in Punjab conducted substantial market research before entering the market and expects to begin manufacturing different types of steel including round and square steel tubes by next year explained Satti.
Aarti Steel Ltd is a company known for the manufacture of a total range of carbon and alloy steel squares and rounds, ferro alloys, sponge iron and power according to the official website of the company.The manufacturer also produces tyre bead wires and steel wires alongside a portfolio of products for the automobile industry. There are currently more than 4000 people employed by the company at this time.
Source: The Reporter
