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RB urges local firms to seek export markets as VEEP commissions a $52 million Integrated Steel Mills

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Vice president George Kunda

President Rupiah Banda has called on local companies and industries to look for markets outside Zambia.

Mr Banda says this will help companies and industries to grow.

The President says government will continue to work hard in securing markets for Zambian products abroad.

Mr. Banda also said Zambian companies must improve their quality, variety and reliability of products if they are to succeed on the international market.

The President says this in a speech which was read on his behalf by vice president George Kunda at the official commissioning of the 52 million United states dollars MM Integrated Steel Mills limited in Lusaka.

Mr. Banda praised the company for creating jobs for the local people.

The President says the steel plant which manufactures galvanized coil and corrugated roofing sheets will help bridge the gap in the demand for corrugated roofing sheets.

And MM Integrated Group project director Lawrence Manyama says the company is dedicated to sustaining high standards of environment and safety at workplace.

Mr Manyama says his company will increase production of corrugated roofing sheets to facilitate 60 percent exports o the product to Malawi Congo and Mozambique.

Meanwhile the company has also signed investment promotion and protection agreement with government.

Commerce minister Felix Mutati signed the agreement while MM Integrated director of Finance and administration Narengra Jain signed on behalf of his company.

The IPPA aims at protecting the company against nationalization among others.

ZNBC

4 COMMENTS

  1. I actually like the current president , Mr Banda. He lived 2 roads away from my father in Kabulonga in Chila Road and I lived in Burma roads, what I think is wrong with him is his cabinet. I dont think he chose it wisely, hence he is paying for it . Kunda a vice president? etc? Made catastrophic meistakes they may cost him in these elections, although I hope they don’t. Thanks

  2. Through this column, I request Mr. Narengra Jain – Director of Finance and Administration to take my help for Export Promotion and Cost Control in Integrated steel plant in Lusaka. I am backed by an experience of 50 years in big Indian Industrial Houses like Birlas, Escorts-Ford and now with an Integrated Steel Plant in Orissa – India.

    Best regards,

    Vijay Sanger

  3. Excellent blog here! Also your website rather a lot up very fast! What web host are you using? Can I am getting your affiliate hyperlink for your host? I wish my site loaded up as fast as yours lol

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