Devki Steel Mills Ltd., a Kenyan steel company, plans to build a 36 billion-shilling ($449- million) plant able to process 250,000 metric tons of iron ore a year, the Standard said, citing an unidentified company official.
Devki acquired a 300-acre (121-hectare) plot in the Taita area of Coast Province to construct the plant, which will be near raw materials including iron ore, the Nairobi-based newspaper reported today.
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