SCC com­mis­sions 280,000 tonnes steel pipe mill

Daily Trust - - BUSINESS - By Terkula Igidi & Onyekachukwu Obi

The Setraco Con­struc­tion Com­pany (SCC) has com­mis­sioned its 280,000 tons ul­tra-mod­ern steel pipe manufacturing mill in Ushafa, Bwari Area Coun­cil of the Fed­eral Cap­i­tal Ter­ri­tory FCT.

Com­mis­sion­ing the fac­tory yes­ter­day, Pres­i­dent Muham­madu Buhari ex­pressed plea­sure at the com­pany’s ef­forts at diver­si­fy­ing the econ­omy of the coun­try through manufacturing.

Rep­re­sented at the cer­e­mony by the Sec­re­tary to the Gov­ern­ment of the Fed­er­a­tion, Engr. David Lawal Babachir, the pres­i­dent said it was a wel­come de­vel­op­ment for the com­pany to meet 10 per cent of Nige­ria’s de­mand for steel pipe.

“I have al­ways be­lieved that it is only com­pa­nies which have to­tal faith in the ca­pac­ity in an econ­omy to grow and ex­cel in mu­tual pros­per­ity that would em­bark on ma­jor in­vest­ments like iron, steel, pipes and steel prod­ucts, even in a sit­u­a­tion of in­ad­e­quate steel raw ma­te­rial and en­ergy sup­ply,” he said.

The pres­i­dent added that SCC ven­tur­ing into steel pipes manufacturing shows its readi­ness to key into Nige­ria’s am­bi­tion of de­vel­op­ing its lo­cal con­tent ca­pac­ity to pro­mote rapid in­dus­trial growth.

“In the face of our in­creas­ing de­mand for steel pipes, which to­day stands at 1.2 mil­lion tonnes an­nu­ally, the SCC pipe mill is ex­pected to sat­isfy 10 per cent of the na­tion’s oil and gas pipe de­mand, which is about 100,000 tonnes an­nu­ally.

“This de­vel­op­ment is a great mile­stone in our col­lec­tive ef­fort to pro­mote and in­crease lo­cal con­tent in the oil and gas sec­tor and to fast-track ef­forts at trans­fer­ring tech­nol­ogy and tech­ni­cal ca­pac­ity to Nige­rian en­gi­neers and ar­ti­sans, as well as con­served the needed for­eign ex­change. I must com­mend SCC in this re­gards, be­cause hav­ing started op­er­a­tions with 50 ex­pa­tri­ates a few years ago, to­day you have about 250 Nige­ri­ans em­ployed in the steel pipe fac­tory with only four ex­pa­tri­ates,” he said.

In his wel­come ad­dress, Dr Pa­trick Dele Cole, on be­half of the SCC Nige­ria board of di­rec­tors, said the pur­pose of the fac­tory was in line with the fed­eral gov­ern­ment of Nige­ria’s ef­fort to in­crease lo­cal con­tent of man­u­fac­tured prod­ucts.

He said it was in view of the above that SCC in­vested mil­lions of dol­lars to es­tab­lish the steel pipe manufacturing fac­tory.

Dr Cole said the fac­tory has since been up­graded and re­tooled to pro­duce di­verse sizes of steel pipe for the oil and gas industry in strict ad­her­ence to the qual­ity re­quire­ment of the Amer­i­can Petroleum Industry (API).

Ac­cord­ing to him, “the SCC has taken a de­ci­sive ac­tion to in­crease the ini­tial ca­pac­ity of the steel pipe fac­tory from 80,000 per an­num to 280,000 tons per an­num through the ad­di­tion of a brand new mod­ern state-of-the-art mill that will en­sure the ca­pac­ity and ca­pa­bil­ity that will pro­duce high qual­ity steel pipe for the oil and gas industry in Nige­ria.”

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.