Devki Group of Companies has today launched a KES1.07 billion steel plant at the Maisha Mabati Ltd Ruiru, Kiambu County. The plant will fast track the manufacturing process of steel across the country. Its new plant is expected to scale up quality and quantity production of roofing materials directly employing over 200 Kenyans.Maisha Mabati Ltd is a Devki Steel Group owned roofing materials firm.
Speaking at the opening ,Industrialization and Enterprise CS, Adan Mohammed said “the Government is committed to addressing challenges faced by local steel manufacturing companies to reduce local content prices. The country is keen to protect Kenya’s local manufactures sealing loopholes that lead to Kenya annual KES 36 billion trade deficit through imported steel.”
He reiterated Government’s interest to encourage purchase of ‘Made in Kenya’ products in infrastructural projects in the country, which currently requires supply of steel and iron products will presage well with Government’s commitment to pass the ‘Buy Kenya, Build Kenya’ policy into law.Mohammed noted that Kenya’s improving infrastructure connecting industrial parks to the end markets and port will cut manufacturers costs for transporting the imported steel and iron from the Kenyan ports.
The Ministry is working on increasing the GDP contribution of the industrial manufacturing sector to the economy by focusing on areas where Kenya has comparative advantage in.
Under the Kenya National Development Strategy the Vision 2030, the role of the manufacturing sector is to create employment and wealth. The sectors overall goal in the second Medium Term Plan (2013-2017) is to increase its contribution to the GDP by at least 10% per annum to be able to develop Kenya into an industrial hub.
With Devki Mills Ltd and National Cement Company Ltd in place, Devki Steel Group is the largest Steel and Cement companies in the county, employing over 4000 Kenyans directly.