Chinese Auto Firm To Set Up Assembling Plant In Calabar

In Breaking News, Business & Economy, National News, Politics, Reports

By Our Correspondent

Cross River State Governor, Senator Ben Ayade (Right), being presented with a miniature version of Sino truck by Head of African Division, Sino Trucks of China, Mr. John Wang (Middle), and the Managing Director, Nigeria Sino Trucks, Mr. Alfred Okugbeni, during an investment meeting at the Governor's office, Calabar
Cross River State Governor, Senator Ben Ayade (Right), being presented with a miniature version of Sino truck by Head of African Division, Sino Trucks of China, Mr. John Wang (Middle), and the Managing Director, Nigeria Sino Trucks, Mr. Alfred Okugbeni, during an investment meeting at the Governor’s office, Calabar

A Chinese truck manufacturing company, SINO Truck of China has completed arrangements to establish an assembling plant in Calabar, the Cross River State capital.

This was disclosed recently when the company’s Head of African Division, Mr. John Wang, paid the state governor, Senator Ben Ayade, a courtesy call in his office in Calabar.

According to Wang, the setting up of the assembling plant would be preceded with the establishment of service centers all over the state for all the company’s trucks in Nigeria.

Wang disclosed that the establishment of SINO assembling 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 in the South South 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 also 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, with 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 said 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 this will complement his administration’s efforts in industrializing 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.

Ayade noted that in a bid to fast track the planting of 5 million trees to support climate change, it was pertinent that haulage will be a core component as there will be movement of young seedlings from one part of the state to another.

He said: “With our aggressive climate change campaign for which the World Bank is setting up 16 billion dollars for Africa and the United Nations setting aside 100 billion dollars annually for developing countries. You can see that transportation of young seedlings for planting, vegetation and forest cover becomes a key issue.”

Disclosing that the state, under a partnership agreement, is building the biggest garment factory in Africa, among other things, Ayade said: “We are far more prepared and more geared towards the utilization of the product more than you can imagine,” adding that “the amount of manufacturing will be so huge that the haulage component will be massive.”

He further disclosed that “Cross River State government is building a new city dedicated to haulage. The state is also committed to building a strategic petroleum and gas reserve for Nigeria in the same area with the haulage city.

“Taking advantage of 123 kilometres of Atlantic coastline, it gives you an idea of the volume of trucks and vehicular movement of materials and equipment that will take place in Cross River State as we are building a deep Seaport which our detail design shows will be 14.5 metres in terms of draught. The phase two of the deep seaport will be a span of 1.2 kilometres. That automatically will make it the deepest seaport in Africa and therefore, can take any vessel.”

Ayade also said that the position of Calabar on the world map makes it a more viable option in shipping than anywhere else in the world.

On the anticipated traffic volume, Ayade averred that the 260 kilometres long superhighway will have six lanes, traffic ambulatory services, as well as sugarcane farm which will feed an ethanol plant, banana plantation, dairy farm, food banks, feed maize, modular refinery among others.

Since You Are Here, Support Good Journalism


CrossRiverWatch was founded on the ideals of deploying tech tools to report in an ethical manner, news, views and analysis with a narrative that ensures transparency in governance, a good society and an accountable democracy.

Everyone appreciates good journalism but it costs a lot of money. Nonetheless, it cannot be sacrificed on the altar of news commercialisation.

Consider making a modest contribution to support CrossRiverWatch's journalism of credibility and integrity in order to ensure that all have continuous free access to our noble endeavor.

CLICK HERE

New Feature: Don't miss any of our news again.Get all our articles in your facebook chat box.Click the Facebook Messenger Icon below to subscribe now

Text Advert by CRWatch :Place Yours

Will You To Learn How To Make Millions Of Naira Making Special Creams From Your Kitchen?.Click Here


Expose Your Business And Make More Sales. Advertise On CrossRiverWatch.com Today

You may also read!

UNICAL Security Arrest Two Thieves, Recover Items

By News Agency of Nigeria The security operative in the University of Calabar has arrested two thieves who stole

Read More...

Recurring Boundary Disputes In Cross River: Issues And Perspective (Part 1)

Hello, and welcome to Episode 3 of X-Raying The River on CrossRiverWatch TV. My name is Jonathan Abang Ugbal.

Read More...

CRUTECH Resumes Today, Gets New DVCs And Media Team

By Jonathan Ugbal The Cross River University of Technology has commenced academic activities after about 300 days of lull

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Share this now