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Nairaland Forum / Nairaland / General / Business / KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs (18037 Views)
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KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by LegendHero(m): 9:19pm On Sep 01, 2020 |
An indigenous steel manufacturing company, KAM Steel, Monday, officially acquired a N60 billion worth Lebanese company, The Standard Methallugical Company located in the Sagamu area of Ogun State with a target to create 10,000 jobs.https://www.independent.ng/kam-steel-acquires-n60bn-lebanese-company-targets-10000-jobs/ 16 Likes 2 Shares
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Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by LegendHero(m): 9:22pm On Sep 01, 2020 |
Some other Information about KAM Holding: —Founded by Alhaji Kamoru Ibitoye Yusuf in 1997 and headquartered in Nigeria, the KAM HOLDING is a global business conglomerate operating in over 3 countries across 2 continents. —KAM is the only 100% indigenous steel and allied manufacturing company in Nigeria and produces a wide range of Products like Nails, Binding Wire, Wire Mesh, Roofing Sheet, and Stone Coated Roofing Tile. Their Presence is also in some other industry verticals like Mining (granite stone & stone dust), Packaging Products (woven sacks & Cartons) and Haulage Services. —The companies in the group are: KAM Industries Nigeria Limited, KAM Wire & Steel Industry Limited, KAM Steel Integrated Company Limited, KAM Haulage & Allied Services Venture, Dimkit Global Concepts Limited, Universal Roofs Nigeria Limited, KAM Quarry & Mines Ventures, KAM Polythene Ventures, Proforte Limited, KAMCOM India Private Limited, Wuxi KAM Import & Export Company Limited, KAM Industry (Wuxi) Company Limited. —The organization is wedded to ideals like innovation and technological leadership and is backed by a highly driven and dedicated workforce of over 3000 employees and in multiples of indirect employment opportunity being created for Nigerians and experts. —Strategic Expansion Projects: Construction and Development of 260,000 MTPA Steel Melting Shop and Rolling Mills in Jimba Oja, Ilorin – Kwara State, Nigeria is almost in completion phase. The project is out to manufacture first class high quality Steel Wire Rod in Coils, TMT Bars, Sections - H-Bean, U-Channel. 23 Likes
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Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 9:26pm On Sep 01, 2020 |
Good one. We just pray Bulhary's policies don't kill the company like the other numerous ones 10 Likes 2 Shares |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by ThatFairGuy1: 9:27pm On Sep 01, 2020 |
Nice one. More of this 4 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 9:33pm On Sep 01, 2020 |
serious steel business is no business china has killed the business .... best thing is to have duty free steel import so that companies can import steel as raw materials and use them to produce things ....that's why I look at Nigerians fighting for ajokuta china has killed steel industry completely 10 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 9:43pm On Sep 01, 2020 |
azmanaty02: “We hereby commend President Muhammadu Buhari, GCFR and his economic team for adopting holistic policies capable of strengthening local manufacturers especially sustaining the boarder closure policy which has further made Nigeria to be self-sufficient during the trying period of COVID-19 pandemic. Headline reader, instead of dwelling on negativity and your usual hatred and bitterness, learn how to read and comprehend, the owner of the steel mill actually applauded and commended the president personally for his favorable policy that made it possible for him to acquire the mill, even the FG was involved and present at the transfer. Nigeria is moving forward and progressing, but all you hateful and bitter people see is negativity, hatred, negativity and bitterness. Very sad. 35 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 9:59pm On Sep 01, 2020 |
NGpatriot: Stop quoting me. Zombies bore me 3 Likes |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 10:16pm On Sep 01, 2020 |
azmanaty02: Hateful and bitter Ipob zombie, if you don't want to be quoted, go to ipobzombie.com. 24 Likes |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 10:17pm On Sep 01, 2020 |
NGpatriot: Zombie, you bore me. Take ur zombeism to ur mates in ur house. 3 Likes |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 11:21pm On Sep 01, 2020 |
MEET THE COUPLE BEHIND NIGERIA’S LARGEST STEEL SHEET FACTORY No high school education, but he's a self thought engineer and he turned a N10,000 advance he received on finishing a trading apprenticeship in 1987 into a $300-million industrial conglomerate. Hard work and dedication pays. 32 Likes 4 Shares |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by LegendHero(m): 11:38pm On Sep 01, 2020 |
NGpatriot: Truly hard work and dedication pays a lot. I like this! "When I began travelling abroad I visited a factory in Italy where I saw a 1,000 degrees-Celsius capacity electric furnace which cost a fortune. The electric furnace could help me expand my business from nail production to making reinforcement wire meshes, so I made a sketch of it and studied the components. When I returned to Nigeria I bought the components I could find, gave the dimension[s] of the electric furnace to makers of trucks used in transporting petrol and instructed them to roll the plate for me like a fuel tank. I bought the bricks and got a bricklayer to shape them according to the sketch. I had purchased the heating elements abroad. We also developed an electric panel to operate the furnace [as] I had observed in Italy. And it worked!” Kam made two such furnaces before finally raising the capital to import the Italian versions. He still uses the first furnace he created, while the second has been decommissioned and is kept as memorabilia. " 27 Likes 7 Shares |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 11:40pm On Sep 01, 2020 |
A short drive down a dusty access way between the nail production lines and the Kam Industries headquarters leads straight to the entrance of their newest and largest project to date, a $250-million cold roll steel complex. He also import materials from his own production factory in China. This is as huge as it gets, just imagine what Ajaokuta can do with serious entrepreneurs like this man. This is why we must get Ajaokuta up and running as soon as possible. 20 Likes 5 Shares |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 11:53pm On Sep 01, 2020 |
LegendHero: As for future plans, Kam is already reading feasibility studies on Ajaokuta Steel, Nigeria’s large but dormant government owned steel mill. He says developing Nigeria’s iron ore is his life’s goal. His moto is hard work, even his son is learning the trade and hard work. With this huge project and acquisitions going on, he's already looking ahead, he's studying Ajaokuta and how to develop Nigeria's iron ore. 11 Likes |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by NGpatriot: 11:54pm On Sep 01, 2020 |
LegendHero: I read that too, very inspiring. 7 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by semyman: 4:19am On Sep 02, 2020 |
I hope they won't be frustrated by the greed in the land 5 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by anonimi: 4:21am On Sep 02, 2020 |
azmanaty02: It has killed it already with the Lebanese exiting and cashing out before everything collapses further. www.nairaland.com/attachments/6432793_screenshot20171219094227_jpege074d484d588f157559d133a2d470290 citizenisb: www.nairaland.com/attachments/2095210_worst_jpeg588f192a23aa02a7b350a8bbe5d18306 3 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Mikelarteta(m): 4:22am On Sep 02, 2020 |
This is the kind of news we want to hear that will be beneficial to the Nigerian Youth not BBN or BBM whatever the F they call it. 13 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 4:23am On Sep 02, 2020 |
Omo kaaro o jire Welldone... 10 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by MondayOsunbor(m): 4:24am On Sep 02, 2020 |
azmanaty02: stupid Nigerian youths Lebanese are bailing from the country one wonders if these people know something we don't 2 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Damseldammie(f): 4:25am On Sep 02, 2020 |
There are no secrets to success, it is the result of preparation & hard work.... 3 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by tillaman(m): 4:27am On Sep 02, 2020 |
Cool |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Nobody: 4:28am On Sep 02, 2020 |
That's great. Steel is an important aspect if nigeria is to achieve growth. America was built with steel and so can nigeria 7 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by kouyouew: 4:40am On Sep 02, 2020 |
According to the latest report from the Centers for Disease Control and Prevention (CDC), when the Donald Trump administration imposed travel restrictions from Europe to the United States at the beginning of the coronavirus pandemic, the virus had spread widely in New York City. 2 Likes |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by cheango: 4:43am On Sep 02, 2020 |
Congratulations KAM HOLDING, God is wonderful, the chairman Alhaji Kamoru, don't have formal education , he started from a shop in Ilorin, now he is a billionaire..who is the largest private employer of labour in kwara state..Now he acquired 60billion company in ogun state. Nothing God cannot do to anyone, don't ever give up 18 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by SweetCreme: 4:48am On Sep 02, 2020 |
Igbochief001: You've spoken wisely like a sage. Not many people would understand the impact of the truth you just preached. I resonate with the insights and ideas in your comment. 2 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by iampeterben(m): 5:01am On Sep 02, 2020 |
Great news, na all this kind news we want to they see nor be BBNaija. 1 Like 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by shamhuna: 5:13am On Sep 02, 2020 |
Na so he suppose be jare... 2 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Onlinealaba(m): 5:34am On Sep 02, 2020 |
Indigenous ..way to go we need more of this .. 2 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Sampleboy: 5:47am On Sep 02, 2020 |
Nice one. This is damn huge! 2 Likes 1 Share |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by Ausval: 6:06am On Sep 02, 2020 |
Everyday target 10 thousand job target 100 thousand job .but we nor dey see the job people still full street .audio job. 1 Like |
Re: KAM Steel Acquires Standard Methallugical Company, Targets 10,000 Jobs by nedekid: 6:09am On Sep 02, 2020 |
Great news comming out of Nigeria once in a while. I just pray this is parmanent and not the usual way big indeginious privately owned conglomerates end up in Nigeria. Chairman Kamoru should avoid falling into the trap of banks and their loans. Yoruba Amaka.. 3 Likes 1 Share |
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