February 23, 2018

Firm to float N32b pipe mill in Edo

Firm to float N32b pipe mill in Edo... NAIJA INTEL

AN indigenous firm, Technova Africa Group (TAG) Limited, has unveiled plans to float a 200,000 tonnes per annum (mtpa) capacity line pipe mill and coating facility in Nigeria.

The project, which is estimated at about $200 (about N32 billion) is expected to be implemented in two phases in Ologbo area of Edo State.

The company, in a statement made available to The Guardian Monday, said the pipe mill would be the first of its kind in Nigeria and the West Coast of Africa.

Technova said it plans to build a 10 mega watts (mw) capacity independent power plant as well as a private jetty to power the facility and facilitate the supply and delivery of raw materials as well as evacuate finished products in its phase II.

According to the company, it was venturing into Helical Submerged Arc Welded (HSAW) Line Pipe manufacture and coating in compliance with globally accepted standards, which would replace imported welded steel pipes with cheaper steel pipes manufactured in the country.

Already it has secured a 150 acres of land situated in Ologbo and has also signed a multi-level Original Equipment Manufacturer (OEM) and Service Agreement with PSL Limited, the largest HSAW Pipe manufacturer in India for the purpose of institutionalising a fully integrated Line pipe Mill and Coating Plant in Nigeria.

Firm to float N32b pipe mill in Edo... NAIJA INTEL

Firm to float N32b pipe mill in Edo… NAIJA INTEL

TAG Limited, a 100 per cent indigenous company, is a credible and strong partner to the oil and gas industry seeks to drive the Nigerian Government’s mandate on developing its own content for national growth.

The company is an indigenous energy and infrastructure company with experience in construction, engineering, project management and service delivery.


IMAGES: www.pipemillmachines.com / www1.southafricacrusher.com

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