Stecol selects Tatu Industrial Park for steel assembly plant
Spread across seven acres of land, the plant will consist of an assembly zone, storage space and workshop directly employing over 100 people. Construction will begin in June 2018, with operations planned to start in 2019.
With a turnover in excess of USD1.5 billion in 2016, Stecol is the latest addition to Tatu Industrial Park, where over 20 firms have already signed up to expand or relocate their businesses. Other companies at Tatu Industrial Park include Chandaria, Dormans Coffee, Unilever, Kim-Fay and Maxam.
Speaking at the signing ceremony at Tatu City, Stecol’s Regional Director Zhang Haifeng said the firm is setting up the assembly plant to meet the rising demand in the area for quality steel products.
“After working on exciting projects around Kenya for many years, we are so pleased to establish a permanent presence here,” he said. “The location of Tatu City just outside Nairobi, along with the high quality local infrastructure and incentives provided through the Special Economic Zone make this the ideal place to establish our new plant.”
Tatu City launched the 457-acre industrial park in 2015. As a result of rising demand, the park will double in size to 900 acres in 2018. Tatu City’s Special Economic Zone status provides reduced corporate taxes, tax-free dividends, customs duty exemption, profit and capital repatriation, as well as enhanced industrial and intellectual property rights, among other benefits.
“We are pleased to welcome Stecol Corporation to Tatu City,” said Nick Langford, Kenya Country Head for Rendeavour, the developer of Tatu City. “Stecol joins a roster of well-known industrial firms who have selected Tatu Industrial Park as their base. We have met a clear need for high quality infrastructure in a convenient location, just 24km from Nairobi and with easy access to transport links within Kenya and throughout East Africa.”