Malawi, the Warm Heart of Africa
The Daily Times is reporting that a new steel rolling factory worth K1 billion, that uses recycled scrap metal to manufacture steel bars, has opened at Makata industrial site in Blantyre, Malawi.The company, called Malawi Iron and Steel Corporation Limited (Miscor), is born out of the premises and left-over equipment of former Agrimal and Encor Products companies, formerly owned by the defunct parastatal Malawi Development Corporation.
The company has already provided employment to 250 people, including former employees of Agrimal and Encor. It will be producing between 15,000 and 20,000 tonnes of steel bars a year.This industry is the first of its kind in the country. Twelve employees of the company were early this month sent for training to steel rolling mills in Kenya and India. The steel bars produced by Miscor would mainly be used by the construction industry in the country. Miscor Managing Director Jayesh Patel said the company would initially target the local market but would start exploring the export market as part of its growth plan.
This is a good development in a number of ways. Idle premises and equipment left over by Agrimal and Encor are being reused. Folks who lost their jobs due to the closure of Agrimal and Encor have been re-employed. New jobs are being created. By sending their employees to other countries for training in steel rolling, Miscor is equipping them with the much needed technical skills, which is good for the country. Infrastructure projects will now get their steel bars locally. Last but not least, Miscor is using recycled scrap metal, which is good for the environment.
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13 users commented in " Steel rolling factory opens in Malawi "
Follow-up comment rss or Leave a Trackbacknice to hear that Clement that worn out steel is going to be used gain as this one of the most important metal and also new jobs are created.I hope that agencies will also take care of the surrounding environment
thanks
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it is fantastic that they have already employed 250 people, specially since this is the first industry of its kind in Malawi. it is great to see what countries overseas are doing to boost their economies.
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Great stuff. but looking at the MD’s name tells the whole story, same ol, same ol, what are indigineous Malawians doing apart from supplying labour, sad.
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Clement Nyirenda says:
July 23rd, 2009 at 2:59 am
@Kaka: Take out the issue of names. Let the guy do his business. I have no problems with him as long as he does everything within the limits of the laws of the land.
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I quite sympathize with Kaka. It will take time to develop entrepreneurship in countries where economy is predominantly agrarian. Be patient. Local talents will emerge. Look at South Africa for inspiration.
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In this industrialized age, switching to secondary sector is very important..establishment of the steel industry in an agrarian county will definitely help the economy to grow as it will reduce unemployment and help in growth of the country’s GDP..so its a positive sign…India is a best example for it…lets hope good results in Malawi..
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This is very interesting. Thanks for sharing.
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Interesting development in Malawi. The arrival of new industry is never a bad thing for developing economies – however, in some regards, an industry tied to a finite resource has its risks. Many areas of the world prosper in the short-term around seemingly large pools of a particular natural resource only to lose that prosperity in the long-run.
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I always have mixed feelings about industrialization. I can’t help but recall the Thomas Jefferson’s ideal of the yeomen farmer. At the same time, it is always good to see the talents of a nation more fully deployed and I certainly can’t begrudge the developing world from developing more. Go Malawi!
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that is great news for the republic of malawi, being one of the least developed countries in the world, infrastructures such as this is always a good thing for the people and for the country…
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This is cool stuff. This could affect a lot of people.
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It is good to hear they will be using recycled material. I am always glad when companies choice this instead of wasting.
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