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Arc invests US$3m in import substitution drive

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ARC Manufacturing Ltd, one of the big three in the manufacturing and distribution of building materials, invested US$3 million ($350m) to set up two new plants to make metal roofing and chain-link fences locally, management stated.

It’s aimed to grow its local manufacturing footprint beyond 35 per cent of total revenues for the privately owned company.

Published in the Observer
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