Chinese steel pipe manufacturer, Jiangsu Yulong Group, on Wednesday held a groundbreaking ceremony for a large-scale factory in Nigeria’s Lagos Lekki Free Trade Zone.
The groundbreaking ceremony was attended by government officials, Chinese envoys and representatives from private companies.
Jiangsu Yulong Group, which was listed on China’s Shanghai Stock Exchange in November, 2011, is exploiting international market, according to Willy Wen, the company’s deputy general manger.
He told Xinhua in an interview the Yulong Lekki project, consisting three phases of investment, would be “the No.1 complex welding and seamless pipe manufacturer in Nigeria.”
He put the first phase of investment at 50 million U.S. dollars, which would construct a Submerged Arc Welded Pipe production unit with designed capacity of 150,000 tons annually.
The second phase of about 60 million dollars, he said, would build an advanced equipped steel pipe production unit with another production capacity of 150,000 tons yearly.
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