Steely RMI PLC
Private Limited Companies- Ethiopia, Addis Ababa
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Industry
ManufacturingSteely RMI PLC Profile
October 2004 is a historical episode in which Steely RMI began its journey as a construction steel manufacturer in Ethiopia. It began operation with an investment capital of 38 million USD, at a plant capacity of 120,000 tons per annum, one of the biggest capacities in the sector at the time.
Since 2004 onwards, the Ethiopian economy has been growing continually at significant rates. Thus, such significant economic growth in Ethiopian history motivated Steely RMI to work diligently towards fulfilling the booming national demand for construction steel products.
In line with this, Steely RMI built its big plant at 178,000 sqm, with full-fledged facilities in the Oromia regional State, Bishoftu town, 45 km away from the capital to the East.
To the evidence of its sound strategic decision, Steely RMI has operated successfully in the last twelve consecutive years with solid financial and economic status.
Hence, in 2011 Steely RMI further expanded its capacity to 360,000 tons per annum with a total investment cost of 71m.USD. Since then, with more than 2000 direct workers, and 30 Megawatt electricity power usage, Steely RMI has been producing its main products of reinforcement bars and wire rods of various sizes with the best grade steel. Its product quality is certified by the appropriate conformity assessment agency. It also produces oxygen gas with more than 99.6% purity for its usage. APOLO, the brand name for Steely’s products, is well-known among its customers and end users.