
CHINESE firm that provides steel products, Good Time Steel Zambia Limited is establishing a K1 billion steel manufacturing plant in Lusaka in response to the high demand for its products in Zambia.
Sales and marketing manager Hunter Young said at the on-going Zambia International Trade Fair (ZITF) that his company was expanding in Zambia because of the high demand for steel products.
Mr Young said because of the potential Zambia have his company had since started putting up a steel plant in Lusaka.
“We started constructing a plant in Lusaka early this year and it is set for completion this September. It will cost about K1 billion and we have employed 100 workers,” he said.
Mr Young said the firm was engaged in buying scrap metal from local people to help empower individuals in Zambia.
In interpreting this year’s ZITF theme, “Creating synergies beyond borders,” Mr Young said the company believed in trading with different countries and supplying them with different steel products to promote efficiency and work as a team.
The firm exports to various countries such as South Africa, Democratic Republic of Congo, Malawi, Zimbabwe, Tanzania, Botswana, Mozambique, Namibia and Rwanda.
Good Time Steel Company also supplied steel for the construction of the Levy Mwanawasa Stadium in Ndola.
In Lusaka it had invested more than K130 billion to expand the scope of company business by establishing a new section which would produce the much needed angle iron.
This amount includes the cost incurred during procurement of the machinery and for setting up the angle iron and window section which had since reached an advanced stage.
Angle irons which are used mainly in manufacturing of window flames and also needed in the construction industry would be the latest in the company’s product line.
[Times of Zambia]