Steel Mills at Asaba

Business Opportunity Details

Opportunity Type:
Business for Sale
Equity:
100%
Asking Price (₦):
8,000,000,000
Last Year Revenue (₦) :
1,000,000,000
Year Established :
2008

General Summary

The Intergrated Steel Plant was incorporated in Nigeria in 2008 and is situated strategically in Asaba which is just 25 kilometeres from Onitsha market which is Nigeria’s major steel trading and srap sourcing hub providing transportation costs savings on delivery as well as procurement. The plant is just 10 min drive from the Asaba Airport and is built on an area of 150,000 plus square meter with clear title deed. It is a fully automatic high speed rolling mill with facility to produce rebars, TMT, wire coils and additional machinery to produce nails, CTL and binding wire, 25 MW dedicated electricity line and the only plant in Nigeria with capacity to produce nails from scrap. The owners are looking for outright sale of USD 20 Milllion and all liabilities would be taken care of by them.

Franchise/Distributorship

Investment Amount (₦):
Available locations:
Marketing Support :
Training Provided :
Skills Required :

Business for Sale

Number of Employees:
undisclosed
Willing to Support & Training:
Yes
Location:
Delta State
Relocatable Business:
No
Business still Operational:
Yes
Business in Administration / Receivership:
No
Reason For Selling :
New opportunities/ diversification

Expansion Potential:
The Intergrated Steel Plant was incorporated in Nigeria in 2008 and is situated strategically in Asaba which is just 25 kilometeres from Onitsha market which is Nigeria’s major steel trading and srap sourcing hub providing transportation costs savings on delivery as well as procurement. The plant is just 10 min drive from the Asaba Airport and is built on an area of 150,000 plus square meter with clear title deed. It is a fully automatic high speed rolling mill with facility to produce rebars, TMT, wire coils and additional machinery to produce nails, CTL and binding wire, 25 MW dedicated electricity line and the only plant in Nigeria with capacity to produce nails from scrap. The owners are looking for outright sale of USD 20 Milllion and all liabilities would be taken care of by them.

Project Funding

Investment Amount(=N=):
Project type:
none
Type of Return:
none

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