The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Mabati Rolling Mills (MRM) last week broke ground for a fourth steel-making plant at its Mariakani coating complex. The new colour-coating complex, set to cost $25 million (Sh2.5 billion), will see the firm invest in new technology from Korea. The plant will be commissioned in October 2016.
Manu Chandaria, chairman of Mabati Rolling Mills Limited, with his wife at the ground-breaking ceremony of the new plant in Mariakani. RIGHT: Chandaria with Health CS James Macharia; Chandaria (lying down) with Macharia and Kilifi Governor Amason Kingi. (PHOTO: COURTESY)
According to Manu Chandaria, chairman of Mabati Rolling Mills Limited, the need to build the plant was necessitated by the company’s progress.
Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today