Solid as steel

Horni­brook di­ver­si­fies into other fields

Paradise - - In Paradise | Contents - – ROBERT HAMIL­TON-JONES

Ma­jor steel fab­ri­ca­tion and con­struc­tion com­pany Horni­brook NGI is lever­ag­ing its in-house ca­pac­ity to di­ver­sify into prop­erty and hos­pi­tal­ity.

The pri­vately owned Lae-based firm was formed in 1990 by the merger of Horni­brook Constructions and NGI Steel.

With the con­struc­tion side of the busi­ness re­ly­ing heav­ily on roll-formed steel-frame build­ings (well suited to PNG’s harsh en­vi­ron­ment) ver­ti­cal in­te­gra­tion be­came an im­por­tant com­pet­i­tive ad­van­tage in an econ­omy where it is not al­ways easy to source the prod­ucts and ser­vices you need.

“Ver­ti­cal in­te­gra­tion is the key. The more you do in-house the less you can be let down,” says man­ag­ing di­rec­tor Matthew Lewis.

Ver­ti­cal in­te­gra­tion is the key. The more you do in­house the less you can be let down.

The com­pany re­lo­cated from the cen­tre of Lae to the Nine Mile area, half­way to Lae’s Nadzab Air­port in 2012. At 6400 square me­tres, the steel fab­ri­ca­tion fa­cil­ity at the new site is the largest in PNG and in­cludes a ve­hi­cle re­pair work­shop. The com­pany’s core busi­ness is to pro­vide turnkey build­ing ser­vices for mine sites, hos­pi­tals, schools and hous­ing.

In the past decade, it has also ex­panded into prop­erty and hos­pi­tal­ity, most ob­vi­ously with the open­ing of the Cross­roads Ho­tel, on a pris­tine block across the road from the steel plant.

The three-star ho­tel has 45 rooms, plus an in­fin­ity pool, pool­side bar and en­ter­tain­ment area, and a well-equipped gym.

On the same es­tate, Horni­brook has built 134 four-bed­room houses, which it rents out. There is also a con­ve­nience store and ATM on site. How­ever, this de­vel­op­ment is just the be­gin­ning of the com­pany’s am­bi­tions in the prop­erty sec­tor, says Lewis.

“We own a large tract of land in the Nine Mile area and when the eco­nomic conditions are right we in­tend to de­velop it into a satel­lite sub­urb of Lae.”

Newspapers in English

Newspapers from Papua New Guinea

© PressReader. All rights reserved.