A Chinese firm, Sinoria FABCOM has unveiled plans to launch a fibre cement board-manufacturing plant in Abuja.
Jackie Dai Hui, the Deputy General Manager of Sinoria FABCOM, said this at an event, Archibuilt 2019 which held at the International Conference Center in Abuja.
What you should know: The new company, Sinoria FABCOM had already built an industrial complex in Kuje, Abuja four years ago with the intention of manufacturing of stone-coated roofing sheets.
Sinoria FABCOM, which is a subsidiary of the Chinese global giant, CNBM, is now floating a fibre cement plant which it promised would produce over five million square meters in a year.
Hui, while commenting on the firm’s plans said Sinoria would use its building materials expertise to help solve Nigeria’s housing nightmare by providing quality but affordable building materials.
He explained that his company’s motivation in venturing into the new investment in the manufacture of fibre cement board was a spinoff of the success it had recorded in the production of stone coated roofing sheets.
Jackie Dai Hui commended President Buhari for creating the right atmosphere for the businesses to thrive in the country, adding that Nigeria was on the path of industrial revolution and self-sufficiency in the local manufacturing of building materials.
He also hinted at new partnerships between China and the country. He noted that in a short while, many companies in China would find it cheaper to set up factories in Nigeria because of its huge market potentials in servicing the rest of the African markets.
China National Building Material Co. Ltd. or CNBM is a public traded company, engaging in cement, lightweight building materials, glass fibre and fibre-reinforced plastic products and engineering service businesses. CNBM is currently the largest cement and gypsum board producer in China.