Kam Holding Acquires N60bn SMC Plant Assets, Targets 10,000 Jobs

Nigeria’s steel giant, KAM Steel Integrated Company, a subsidiary of KAM Holding, has acquired the N60 billion steel plant assets owned by the Standard Metallurgical Company, (SMC) in Sagamu, Ogun State, as part of efforts towards boosting its capacities for iron and steel production.

The firm promised to create about 10,000 jobs in Nigeria and urged the federal government to expedite actions towards supporting indigenous manufacturers in local capacity building for the steel industry in the country.

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