First Steel rod made in Sierra Leone to Hit Market in March-Dr Hinga Sandy Trade Minister

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By Mustapha E. Dumbuya

The Minister of Trade and Industry Dr. Edward Hinga Sandy has told Journalists that Sierra Leone will get its first Made in Sierra Leone steal rod products in Mach of this year.

He made this statement at the government weekly press conference Youyi Building in Freetown.

The Minister further explained that if the country is experiencing high cost of production it is because Sierra Leoneans is consuming a lot of imported products. That is why his Ministry has signed agreements with 3 Cement production companies and 1 organic oil production company that will invest and add production in Sierra Leone.

GOLDTREE SL ltd is one of the oil processing companies that was established under the Companies Act No.5 of 2009, and registered under the laws of Sierra Leone with its office at Old Mill Road Daru, Jawei Chiefdom Kailahun District Sierra Leone.

According to him, he expressed that the Company was established in 2007 as a specialized company in the cultivation of high yielding oil palm and extraction of organic and Round Table on sustainable Palm oil (RSPO).It fairly traded crude oil palm with a market penetration price that will not only ensure affordability but also ensure sustainable product availability.

GOLDTREE is presently exporting to the sub-region and locally thus, With an investment capital of Twenty Million United States Dollars (US$ 20,000,000), the Company is desirous and committed to undertake and own as property, the project to construct, develop and establish the infrastructure, install and operate a facility for Fresh Fruits Oil Palm Bunches production, packaging and distribution with a direct and indirect employment capacity of 40,000 people.

Mr Sandy also further explained that SOLCO is also amongst the 4 companies which is an affiliate of WENPENG GROUP, an international Company from China engaged in production, manufacturing, trade and port logistics. At present the group has branches in more than twelve (12) countries in Africa and Latin America.

The Parent Company WANPENG Group had built six (6) cement manufacturing plants in Africa since 2003, with its recent factory established in Guinea Conakry.

SOL CO (SL) Limited has a plan investment of Forty Million USD ($40,000,000) to develop a Cement Manufacturing Factory in Sierra Leone that will be operated within a period of 36 months, a fully functioning Cement manufacturing Industry in the Western Area of Sierra Leone.

“RANDCEM” is also among and also an affiliated of FAWAZ Building Materials, a household name in the Local commodity trading especially in hardware and construction equipment. At present the group has branches in all major headquarter towns of Sierra Leone.

The company desires to also invest Thirty Million United State Dollars ($30,000,000) and seeks to establish a Cement Manufacturing Grinding Ball Mill Plant with annual capacity of 350,000MT in Sierra Leone within a period of 36 months” Mr Sandy explained.

Dr Sandy also pointed that ROCKCEM (SL) LTD, is another affiliate of Mega Cola Company that has been operated in Sierra Leone for over fifteen years. The Company has the potential to establish a Cement manufacturing Factory and has an investment level of Twenty-Five Million United State Dollars ($25,000,000) with a capacity to process up to 500,000 metric tons per year.

He testified that the Company will operate in two phase, first start with the importation of Cement in large bags and repackaged locally into 50kg bags while the second phase is to construct a Cement Processing (grinding) plant in Freetown.

As she’s set to deliver standard Health Facility and solve the problem of Water Crisis

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