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StoriesNovember 22, 2023
B5 Plus Ltd: Transforming Ghana’s Steel Industry and Driving Economic Growth Through 1D1F Initiative
- Written by Sandra Francisco
- Published: November 22, 2023
B5 Plus Ltd, a key participant in the One-District, One-Factory (1D1F) initiative, has significantly boosted employment opportunities for over 10,000 individuals with diverse educational backgrounds since the inauguration of the first phase of its modernized steel plant in 2021. Operating with an impressive capacity of 250,000 tonnes for its rolling mill and 60,000 tonnes per year for its prefabricated manufacturing plant, the company not only caters to the Ghana market, but also exports a substantial portion of its products to neighboring West African countries. This export initiative has played a crucial role in saving the country approximately $100 million in foreign exchange, contributing significantly to economic stability and growth.
During a recent working visit to the new plant site in Larpleku, Kpone-Katamanso District, Greater Accra Region, Minister of Trade and Industry, K. T. Hammond, commended the modern production technology and methods employed by B5 Plus. He highlighted the company’s success as a testament to the achievements of the government’s 1D1F initiative, showcasing a model worthy of emulation by other countries aiming to decentralize industrial development. Minister Hammond emphasized the importance of local production in iron and steel for the country’s industrial transformation agenda, focusing on value addition through local raw materials, mass employment, and export diversification.
Sectors such as real estate, construction, and metal fabrication have reaped the benefits of B5 Plus’ products, contributing to sustainable development in Ghana. The Minister, overwhelmed by the scope of the project, expressed his profound impression with the progress made. He assured the company of continuous government support and addressed challenges related to water supply and power generation to mitigate production impacts and cost overruns.
Mukesh Thakwani, the CEO of B5 Plus Ltd, highlighted the company’s decision to invest in expanding and modernizing the factory to accelerate socio-economic development and increase job opportunities. With an investment of $100 million, the fully automated steel manufacturing plant, certified with ISO 9001:2015 quality management standards, is one of the largest in Africa. Thakwani underscored the potential of the plant to bridge the gap between local steel production and demand.
B5 Plus Ltd, seizing the opportunity presented by the 1D1F initiative, invested in expanding capacity, technology, and production lines. The company, which began as a small operation in 2002, now stands as the largest iron and steel manufacturer and exporter in Ghana and West Africa. Mukesh Thakwani emphasized the positive impact of the African Continental Free Trade Area (AfCFTA) in addressing challenges associated with trading across borders in Africa.
The first phase of the plant, situated on a 100-acre land, includes a steel melting shop (SMS), a rolling mill, and a prefabricated manufacturing plant. B5 Plus Ltd sources raw materials, such as scrap metals and ingots, from both local and foreign markets, building an extensive network of wholesalers, dealers, and distributors across multiple West African countries. The company currently produces 4,000 different lines of products for the West African market, including wire rods, rebars, sections, angles, channels, U beams, round bars, square bars, and grinding media balls, reflect its commitment to meeting local and regional market demands.
CONTACT DETAILS
WEBSITE: www.b5plus.com
ADDRESS: Kpone Barrier, Aflao Road, Opp. Kingdom Transport, Tema, Ghana
CONTACT: (+233) 244 331 635 / (+233) 244 342 600 / (+233) 244 333 511 / (+233) 544 313 204
EMAILS: This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it.
MORE ABOUT B5 PLUS
INTERVIEWS:
• B5 Plus: The Leading Iron and Steel Company in Ghana and West Africa by Mukesh Thakwani
• Business Leader Mukesh Thakwani Discusses Steel, Healthcare and Education in Ghana
• B5 Plus: Mukesh Thakwani Discusses the Importance of Promoting Products Made in Ghana
• Mukesh Thakwani Talks Latest Developments at B5 Plus, the Largest Steel Producer in Ghana
COMPANY PROFILE:
• B5 Plus Ltd: Manufacturing and Trading of Iron and Steel Products in Ghana and West Africa
EXECUTIVE PROFILE:
• Mukesh Thakwani, Founder of B5 Plus, the Leading Steel Manufacturing Company in Ghana
CORPORATE STORY:
• B5 Plus: Best Steel Manufacturing, Pre-Engineering Fabrication and Trading Company in Ghana
VIDEOS:
• Ghanaian Company B5 Plus is Recognized Once Again for its Efforts in the Steel and Iron Industry
• B5 Plus: An Overview of the Iron and Steel Industry in Ghana and West Africa
• B5 Plus: Mukesh Thakwani Discusses the Impacts of COVID on the Iron and Steel Sector in Ghana
• Giving Back to Society: A Priority for Mukesh Thakwani, Founder and CEO of B5 Plus Ltd
• B5 Plus: Bringing Quality Steel Products at a Competitive Price to the Consumer's Doorstep
• Iron and Steel Industry in Ghana and West Africa: B5 Plus, A Journey to Success
• Top Ghanaian Steel Manufacturing Company B5 Plus Discusses Steel Exports in West Africa
• B5 Plus Group: The Leading Manufacturer of Steel Products in Ghana and West Africa
• Government Should Prioritize Products Made in Ghana, says Business Leader Mukesh Thakwani
• B5 Plus: Mukesh Thakwani Talks Competitive Advantages and Cheap Imports Coming to Ghana
• B5 Plus: Founder and CEO Mukesh Thakwani Mentions Latest Awards and Talks Future Plans
• B5 Plus: A Global Steel Giant and Market Leader in Ghana and West Africa Since 2002
• B5 Plus: Revolutionizing Ghana’s Steel Industry and Championing Local Manufacturing in West Africa
• Mukesh Thakwani Shares B5 Plus’ Impactful Journey of Job Creation and Social Responsibility
LATEST NEWS:
• COVID-19: B5 Plus Limited is Offering Free Medical Oxygen Refilling to Hospitals in Ghana
• One-District-One-Factory: President Akufo-Addo Commissions Phase One of B5 Plus Steel Plant
• Ghana Industry: Leading Steel Manufacturer B5 Plus Limited Wins Two Prestigious Awards
• Ghana CEO Excellence Awards: Mukesh Thakwani of B5 Plus Named CEO of the Decade
• Millennium Excellence Awards: Steel Manufacturer B5 Plus Named CSR Company of the Year
• Ghana Steel Industry: Mukesh Thakwani of B5 Plus Awarded Iconic Industrialist of the Decade
• B5 Named Platinum Economic Pillar and Outstanding Steel Manufacturing Company of The Year
• Leading Steel Manufacturer B5 Plus Wins Over 30 Prestigious Awards in Less Than a Year
• Over 100 Hospitals Benefitting From B5 Plus Free Oxygen Initiative to Help Fight COVID-19
• Mukesh Thakwani Honored for Outstanding Contribution to the Economic Development
• B5 Plus Recognised for its Tremendous Impact on the Steel Manufacturing Industry in Ghana
• B5 Plus Group: Mukesh Thakwani Felicitated with Global Leader of the Year 2021-22 Awards
• Ghana Steel Industry: B5 Plus Receives Awards for its Investments and CSR Initiatives
• B5 Plus: Transforming Ghana’s Steel Industry and Driving Economic Growth Through 1D1F Initiative
• Ghana Club 100 Awards: B5 Plus Secures 27th Position and Ranks 4th in the Manufacturing Sector
• AGI Ghana Industry and Quality Awards: B5 Plus Honored as the Best Company in the Metal Sector
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