Chinese firm to build $120m pipe manufacturing plant in Lekki FTZ

A Chinese steel pipe manufacturer, Jiangsu Yulong Group, has broken ground for a major pipe manufacturing plant in the Lekki free trade zone, aimed at supplying the country’s oil and gas industries, National Mirror reports.

The firm said the first of its three investment phases in the Lekki project would gulp about $50m. Yulong Group Deputy General Manager, Willy Wen, also said that the plant would become “the No.1 complex welding and seamless pipe manufacturer in Nigeria” as the group seeks to exploit new international markets.

China’s Consul-General in Lagos, Liu Kan, also added that the project, which would cover an 180,000 square-metre site, was expected to create more than 1,000 jobs for Nigerians and enhance modern technology transfer by training engineers in the steel fabrication business.

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