October 2004 is a historical episode that Steely RMI PLC began its journey as a construction steel manufacturer in Ethiopia. It began operation with an investment capital of 38 million USD, at a plant capacity of 120,000 ton per annul, which was one of the biggest capacities in the sector at the time.
Since 2004 on wards, Ethiopian economy has been growing continually with significant rates. Thus, such significant economic growths in Ethiopian history motivated Steely RMI PLC to labor diligently on its part towards fulfilling the booming national demand for construction steel products.
In line with this, Steely RMI built its second plant at 178,000 sqm, with full fledged facilities in the Oromia regional State, Bishoftu town, 45 km away from the capital to the East.
Hence, in 2011 we further expanded our production capacity to 500,000 ton per annum with a total investment cost of USD 71 million. Since then, with more than 2000 direct workers, and 30 Megawatt electricity power usage, Steely RMI is producing its main products of reinforcement bars and wire rods of various sizes with the best grade steel. Its products quality are certified with appropriate conformity assessment agency. It also produces oxygen gas with more than 99.6% purity for its own usage. APOLO, brand name for Steely’s products. It is well known among its customers and end users.