A Chinese truck manufacturing company, SINO Truck of China, has completed arrangements to establish an assembly plant in Calabar, the Cross River State capital.
The company’s Head of African Division, John Wang, disclosed this during a courtesy call to the state governor, Ben Ayade, at his office.
According to Wang, the setting up of the assembly plant would be preceded with the establishment of service centres all over the state for all the company’s trucks in Nigeria.
Wang, citing the peaceful investment climate of the state as one of the motivating factors, said that the project would further create job opportunities for the youths in the state.
Giving a profile of his company, Wang said “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, Governor Ayade 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 was being put in place.
Ayade expressed optimism that the investment is viable as both the investors and the local economy would benefit from such investment relationship.