President Gnassingbé inaugurates a new concrete-reinforcing rods factory in Kara  

Investments
Wednesday, 24 April 2019 15:39
President Gnassingbé inaugurates a new concrete-reinforcing rods factory in Kara  

(Togo First) - On April 23, 2019, President Faure Gnassingbé inaugurated a new concrete-reinforcing rods factory in Kara, Northern Togo.

The facility which is estimated to have cost CFA4.1 billion spans five hectares in the Kara free zone. Baptized Steel Cube Togo (SCT), it was built by Indian firm HCURE IMPEX LLP. According to Agence togolaise de presse (ATOP), the plant has a production capacity of 3,000 tons per month and uses 4,500 tons of scrap metal; 70% of its production will be exported. It will create 400 direct jobs and 800 indirect ones.  

Tiwari N'ripandra Oumar, MD Steel Cube Togo, said HCURE IMPEX LLP plans to build a paper package factory in Togo.  

The inauguration took place in the framework of the upcoming Togolese independence anniversary next April 27. More inaugurations and launches will follow in the period.  

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