Chinese firm to build N75bn cement Factory, Nigeria
Minghong Group Corporation Ltd, Zhuhai, has concluded arrangements to establish a state-of-the-art cement factory in the Enugu State.
Already, the Enugu State Government has signed a Memorandum of Understanding (MoU) with the company for the establishment of the factory at Amechi Idodo in Nkanu East Local Government Area of the state.
At the signing ceremony, which was witnessed by members of the State Executive Council and representatives of Amechi Idodo, Governor Sullivan Chime said the factory would go a long way in boosting the state’s economy.
Describing the investment as a major step towards the realisation of one of his administration’s four-point agenda to industrialise Enugu State, Chime said the industry would create jobs. He said: "Establishment of the cement factory is in line with the present government’s policy to bring development to Enugu State. We are today taking a major step towards realising that goal. I am sure the youths and our people will be employed, while the economy of the state will be positively affected,” he said.
Speaking at the ceremony, a partner of the company, Dr Iyke Odenigwe, said the project is very important and would put Enugu State in the global map for cement production.
Vice Chairman of the Company, Mr CAI Jing Ming, in his brief remark, said he was grateful to government for its support and commitment towards the establishment of the factory.
Ming said his company would abide by the terms of the agreement, adding that its successful take-off would open up avenues for more Chinese investments in the state.
Published under Cement News
