A STEEL and pipe factory, with a capacity to manufacture 500 tonnes of pellets and structural equipment per day, will start functioning in New Industrial Area later this year.
Al-Khor-based Seashore Group of Companies, the promoters of the proposed Seashore Steel and Pipes, said the factory would directly employ 400 personnel in the initial stages of operations.
“The first phase of the company is expected to be commissioned in about eight months from now,” said joint managing director P K Ashique.
He said the company would take up the manufacturing of high quality steel pipes in the second phase of its operations.
Managing director E S Mohamed Ali said the factory would be able to meet the increasing demand for steel in Qatar.
The factory, he said, would also be able to supply materials to other parts of the region, he said.
The promoters said they have hired consultants who had worked with top companies like Steel Authority of India and private sector major Tata Steel.
Attending a function to mark the foundation stone laying, outgoing Indian Ambassador George Joseph said the proposed company was a “symbol of growing Indo-Qatar friendship”.
The envoy said he was happy that an Indian-managed group had come forward to develop the project.
Seashore Group of Companies chairman Saeed Salam M al-Mohannadi welcomed the gathering.
Earlier, Indian Union Muslim League (IUML) leader Panakkad Syed Mohamed Ali Shihab Thangal laid the foundation stone of the new project. Former Kerala industries minister P K Kunhalikutty, Indian parliamentarian P K Abdul Wahab and entrepreneurs from India and Qatar also attended the function.
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