Chinese firm plans new investment
A Chinese company, Sinoria FABCOM, has announced plans to pursue a long time investment in the housing and building industry in Nigeria, especially in the Federal Capital Territory (FCT), Abuja.
The firm is a subsidiary of one of China’s business conglomerates, Sinoma. Senior officials of the company said their goal is to further establish an enduring partnership that would see to the overall development of the sector.
FABCOM has operated in Abuja for seven years and manufactures building materials, such as stone coated roofing tiles and fiber cement board.
Speaking to the media in Abuja, the Deputy Managing Director, FABCOM, Mr. Jackie Dai Hui said the company contributes to the economic development of the country. “We are investing in Nigeria and we have come to stay. We contribute to the housing sector, and don’t compromise our standards.”
Hui explained that the focus of the company is to change the poor perception people have about Chinese products by making quality its watchword.
He noted that the company has since 2008, ended Nigeria’s dependency on importation of cement and some other building materials through providing services to the leading cement companies in the country.
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