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Friday, 2 October 2015

Expdonaloaded News; NGSL plans to stem capital flight on steel importation

FGN2
Nigerian Gas and Steel (NGSL) Limited has restated its commitment to save the huge capital flight incurred by Nigerians who depend on the importation of steel pipes.
According to its Managing Director, Hasib Moukarim, the company is well positioned to serve the domestic market with quality steel materials that match international standards. Urging Nigerians to patronize local products in order to save the nation of huge capital flight, Moukarim said patronization of local products would equally enhance local capacity as a way of generating employment.

Moukarim called on builders to consider using Hollow Structural Sections (HSS) to help reduce building collapse in the country. He said: “By soliciting for the right steel which is HSS, a steel pipe and tubes for construction of warehouses and buildings, the clients gets cost saving ,while the professionals get the credit”.
Moukarim added that HSS is a type of steel tube produced by NGSL and have greater strength to weight ratios than wide flange beams saying HSS has been described by the Steel Tube Institute of North America as the design material of the 21st Century.
According to the NGSL boss, most new airport terminals and shopping malls in the world are built by HSS because of its big cost saving and superior strength; since builders need less steel to do the same job, and less tonnage of weight equals less cost.
“HSS has excellent compression characteristics and exceptional resistance and is available in commercial sizes for the construction of warehouses, terminals, billboards, bridges, malls and towers. It is also used in boreholes and for piling soft grounds”, Moukarim added.
NGSL has been operating in Nigeria for the past 38 years and it is the oldest steel pipe manufacturing plant in the country for the furniture industry and metal fabricators.

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