Ramco Group, a conglomerate of over 50 companies has beefed up its plans to set up a modern factory, warehouses and a new headquarters in Ruiru. The group has more than 50 firms operating in Tanzania, Uganda and Rwanda.
They have bought a four-acre plot within Nairobigate Industrial Park in Ruiru which 103-acre industrial park is being developed by ImpAct, a special purpose vehicle owned by international smart warehouse developer Improvon (SA) and UK equity firm Actis.
The new premises will house Ramco’s Kentainer Limited, which deals in manufacture of industrial and domestic water tanks as well as other plastic products.
Ramco was started in 1948 as small hardware store in downtown Nairobi.
ImpAct head of business development Mr Paul Williamson said Ramco has also committed to lease a 3,000 square metre factory that they (ImpAct) are putting up at the business park.
The factory will be ready by the end of next year.
The Nairobigate property sits on Eastern bypass, five kilometres from the Ruiru interchange along Thika Road and next to the 11,000 acre Kenyatta family-owned Northlands property.
“ImpAct acquired the parcel of land and has invested money towards infrastructural development where a perimeter wall with associated security features are now in place as well as two 10,000 square metre warehouses,” said Mr Williamson.