SINO Truck of China (A Chinese truck manufacturing company), has completed arrangements to establish an assembly plant in Calabar, Cross River State capital.
This was disclosed recently when the company’s Head of African Division, Mr. John Wang, paid the state Governor, Professor Ben Ayade, a courtesy call in his office in Calabar.
According to Wang, the setting up of the assembly plant would be preceded by the establishment of service centres all over the state for all the company’s trucks in Nigeria.
Wang disclosed that the establishment of SINO assembly plant in the state has to do with its first class infrastructure and the nature of the people.
He also cited the peaceful investment climate in the state as one of the motivating factors, adding that: “Cross River is the most peaceful state in the South-south region with an enduring weather that has a huge potential for the development of trucks, and is good for industry establishment.”
Giving a profile of his company, Wang added that: “SINO truck is a state owned company and the number one heavy duty truck manufacturing company in China with over 56 years experience, and a good record in truck manufacturing and assembly.”
In his remark, the governor urged the company to speed up preparations for the auto plant as all the enabling infrastructural environment like the construction of a deep seaport and a superhighway were being put in place.
Ayade noted that the decision by the Chinese firm to site a truck assembling plant in Calabar was largely because of the social climate and peaceful nature of the state, noting that such action will complement his administration’s efforts towards industrialising of the state.
The governor expressed optimism that the investment is viable as both the investors and the local economy would benefit from such investment relationship.
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