LAGOS – The Management of African Steel Limited has denied recent media reports claiming that the Ikorodu Steel Factory was shut down by the Standard Organization of Nigeria over standard infractions, stating that the story is false.
A statement signed by the director of the factory, Ravi Sharma, attributed a report to the unfair business practices of some competitors who seek to gain an advantage.
It explained that a team from SON recently visited African Steel Ikorodu as part of their regular oversight visit. During the visit, the team took inventory of the already manufactured steel products and collected samples for further regulatory processes, with proper documentation.
The company is aware that similar regulatory steps were undertaken by SON to the premises of other steel manufacturers across the country and at no time did SON Officials shut down the African Steel Limited premises in Ikorodu.
He said: “The African Steel Limited is a member of the African Industries Group which commits to the highest ethical standards in all its operations in Nigeria and across the globe. We, therefore, assure our numerous Customers of quality products at all times and advise them to ignore untrue publications.
The company is committed to upholding the highest standards of its manufactured products and providing services that conform with all regulatory requirements given its huge investment in the Nigerian economy which includes an integrated iron ore mining, processing and steel production plant located in Kajuru, Kagarko Local Government Area of Kaduna state with a capital outlay in the region of $600m.
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