Today: 5th September 2008 |
Liberty is part of an international Group of companies originating from
a manufacturing base established in the Indian sub-continent during the
1950s.
Today the Group has activities in commodity trading, distribution and
real estate development, aside from its core activity of steel production
and steel trading.
Group net assets are now in excess of three hundred million US dollars
in book value and over a billion US dollars in market valuation. Annual
turnover exceeds two billion US dollars, with an employee base of about
1500 in over 20 countries. Steel turnover in 2007 was in excess of two
million metric tonnes.
Group companies in Nigeria, under the banner of African Steel Mills,
produce about 170,000 mt of billets, with rolling mills producing over
200,000 mt of de-bars, angles and channels. Two further new mini mills
are under construction in Lagos and Abuja, which will take our combined
steel making and rolling in Nigeria to about 600,000 mt. Various other
industrial projects in other sectors all come together to make the Group
a significant contributor to the development of the Nigerian economy.
A 400,000 mt steel mill is under construction in Romania to produce billets,
coupled with a rolling mill to roll debars, wire rods and profiles.
Also under development are a Cold Rolling + Galvanizing Mill in Ghana,
a Billet Plant in Morocco, a Billet plant + Rolling Mill in India, a
Service Centre + Pipe Mill in Czech Republic and an Iron Ore Mine in
Iran.
Trading and distribution activities are spread over the world. The Group
has offices in over 20 countries including the U.K., Italy, Romania,
Czech Republic, Montenegro, Russia, Ukraine, India, U.A.E., Iran, Sudan,
Yemen, Nigeria, Ghana, Morocco, China, Singapore, Korea, Thailand, Vietnam,
USA and Canada.
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