Aliko Dangote's decision to open an assembly plant in Lagos will create about 3,000 jobs it has been learnt. The plant will be used to assemble Chinese heavy duty trucks.
The deal for the $100 million, 10,000 per year capacity plant was signed in May 2014, according to China Daily, making it the eighth of Shandong, China-based National Heavy Duty Truck Group Company Limited (Sinotruk), to be built abroad.
The plant will be 60 per cent owned by Dangote Group, trading under Dangote Industries Limited, leaving Sinotruk with the remaining 40 per cent equity stake.
Consequently, Dangote Agro Sacks Limited, which occupied the Ogba premises until recently, has been relocated closer to the group’s major operational hubs, particularly the cement plants in Obajana, Kogi State and Ibeshe, Ogun State.
Nigeria remains one of the most important markets for Sinotruk, with Dangote Group using the product for distribution of its products, like cement, sugar, flour and pasta, among others, even in its plants across the continent.
The deal is also coming ahead of next year’s opening of the $17 billion, 650,000 barrels per day capacity Dangote Refinery located in Lagos expected, to begin operations next year, creating over 3,000 direct and indirect jobs by first quarter of 2019, which would require a lot of long trucks for product distribution.
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