The Davié Iron-recycling plant cost $25 million to develop

Monday, 19 April 2021 16:29
The Davié Iron-recycling plant cost $25 million to develop

(Togo First) - A total of $25 million was spent to build Manumetal, the iron-recycling plant based in Davié  (30 km from Lomé). The plant was visited last week, April 15, by the minister of trade, Kodjo Adedze. 

According to the ministry of trade, the plant, which started production in January 2020, employs more than 200 people, including 150 Togolese. It makes concrete iron, metal pipes, and welding electrodes, using scrap metal and aluminum ingots.

Wu Defa, CEO of Manumetal, declared that the company is progressively penetrating the market. Regarding the plant’s commercial goals, 70%-80% of the finished product should be sold in the local market while annual output should increase by 5% over the next five years. 

While visiting Manumetal’s plant, Kodjo Adedze pointed out that the use of “irregular-sized concrete iron” is prohibited by Togolese regulations.

Séna Akoda

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