A steel will to grow mar­ket share

Paradise - - Made In Png -

Adapt­ing to dif­fer­ent eco­nomic con­di­tions is the key to man­u­fac­tur­ing in Pa­pua New Guinea, says Frank McQuoid, chair­man of steel fab­ri­ca­tor, Steel In­dus­tries.

He says the PNG metal trades in­dus­try has about 20 per cent of the do­mes­tic mar­ket and there is great po­ten­tial for this pro­por­tion to rise.

“If we can get a big­ger chunk of the mar­ket there is an op­por­tu­nity, with­out any growth what­so­ever, to be five times as large as we are now.”

McQuoid says that even on a more mod­est sce­nario, 10–15 per cent growth is fea­si­ble.

McQuoid says the sec­tor is bur­geon­ing. “You can stand at the air­port and look out and you can see a whole new city out there: 5000 new houses.”

He says he is hope­ful that the gov­ern­ment will look to pro­tect the sec­tor. He says be­ing a lo­cal man­u­fac­turer has ad­van­tages in an en­vi­ron­ment where for­eign ex­change can be hard to get.

“They know when they come to our com­pany they can pay for their prod­uct in PNG kina.

“Ev­ery day I go to the shop floor I am proud of what we can do. We can do it, we have done it, we are do­ing it. We are mak­ing a com­pet­i­tive prod­uct to in­ter­na­tional stan­dards and we are do­ing it with Pa­pua New Guineans. I am proud to achieve it in my life time.”

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