Safal Investments (Mauritius) Ltd

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Safal Investments Mauritius Limited (Safal) is a holding company owning three steel roofing manufacturing subsidiaries and eight African distribution subsidiaries (Safal Group). Safal’s flagship subsidiary, Mabati Rolling Mills Ltd (MRM) is an existing IFC client. In 2000, IFC assisted Mabati in funding for a $30 million, 100,000 tons per annum (tpa) galvanizing line. This current project entails increasing the Group’s consolidated coated steel capacity by 240,000 tpa. The project will facilitate the expansion of two existing manufacturing operations in Kenya and Tanzania and establish a third greenfield operation in Cato Ridge (Durban), South Africa. The project will also increase Safal Group’s working capital. The Group’s expansion will establish new markets in South Africa particularly for low cost, longer lasting aluminum-zinc-coated steel roofing sheets; and, meet demands in currently under-served markets in East and Southern Africa.