Some Chines Investors has established a – $20m lithium factory, in the Nigerian North Central state of Kwara.
The factory is known as ER-Kang Company Limited led by Sun Qing Rong.
According to Sun Qing Rong, the establishment of the factory aligned with government’s policy to grow value addition and local manufacturing capacity.
Value Addition
He said the firm has more than 300 employees, who are mostly Kwarans, saying the plants process lithium into ready materials, instead of exporting it raw without any value addition.
The firm is also setting up a pharmaceutical company in Kwara State valued at more than $15m, also partner with the state government on the industrial park.
“This is one of the fruits of the meeting that we held with Your Excellency in Beijing about two years ago.
“Today, we have completed the lithium plant and it is up and running. And this year, we are starting the pharmaceutical company with the help of Your Excellency,” he said.
The factory will include two phases of construction for large infusion and small volume injection workshops, which will make up for the shortage of such products in the Nigerian market. At present, the relevant preparatory work is basically completed.
Commendations
He commended the Governor for providing “outstanding investment environment for foreign investors like us”, adding that his firm has a strong social responsibility philosophy in its operating community.
Kwara State has recorded at least two foreign investments worth $35m, in what underscored Governor AbdulRahman AbdulRazaq’s drive for industrialization and economic growth in the State.
The Governor expressed his satisfaction with the investments, which he said will create jobs, encourage technology transfer, and boost the local economy.
“We are willing to support you and others to invest more in our state,” he said.
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