MRM pg 1-5.pdf - Mabati Rolling Mills

Commisioning misioning of Pickling plant at Mariakani
MABATINEWS
In the true spirit of Kaizen principles of continuous improvement,
MRM invested over US$9 million last year to create a new
pickling line that was commissioned on October 3, 2006 this
year by the Minister for Finance Hon. Amos Kimunya. In his key
note address Hon. Kimunya, acknowledged the huge investment
the shareholders had made into the state-of-the-art technology.
He recognised that the results of the new line will shift the level of
manufacturing to a completely new level of competitiveness. He
noted and appreciated the advantages of the new line. MRM will
now widen its raw material sources, particularly in the hot rolled
coils. It was hitherto confined to a few selected suppliers. He also
noted that the investment will give the company the advantage of
flexibility, innovation and creativity in a very competitive market.
He acknowledged that such an investment demonstrated
the confidence MRM shareholders had in doing business in
Kenya. Hon Kimunya noted with appreciation that the plant took
into consideration environmental concerns and made further
investment in Acid Regeneration Plant which allows the acid to be
completely recycled. The facility has a capacity to handle and treat
coils up to 200,000 tonnes per year.
The minister observed that MRM’s overall business operations
make a significant contribution to the country’s economic growth
and development. He said that the government is committed to
creating a conducive and enabling environment where businesses
will find it easier and more friendly to do business.
Since private sector plays and important role in the country’s
economic development the government is committed to support
private sector investment initiatives. Appropriate legislation and
streamlining of administrative bottlenecks will continue to be
introduced at various levels of operations of government to make
it easier for businesses to operate.
The Minister pointed out how Kenya has gained high rating
by where it was rated 4th in the Sub-Saharan Africa behind
Botswana, South Africa and Nigeria. The World Bank has rated
Kenya 6th in Africa in respect of doing business. Obviously there
is going to be increased government effort to consolidate what
is good and improve on areas that can facilitate private sector
investment in the country.
The government is also investing in ICT and communications
connectivity to make it easier for businesses to share vital
information necessary for growth and global trade. The Minister
spoke about refunds and said the government has scaled up from
KSh614million to KSh900million. He also said there is a provision of
KSh1.5billion for KRA to clear the backlog.
The Minister praised the MRM management and welcomed
the opportunity to officially visit the plant and commission the
Pickling Line. The inauguration ceremony was attended by among
others: the Board Directors,
Managers, Workers,
Customers, Well wishes and
community leaders.
After
the inauguration ceremony
Hon. Kimunya visited and
toured the nearby Kaluworks
Plant which is also owned
by the same shareholders
of MRM.
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M A B A T I N E W S
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