Abuja - Chinese company, HBIS Tanshan Group,
has proposed the establishment of a 3-million metric tonne steel plant in Oyo
The group disclosed this at a meeting with the state
government officials, represented by the State Deputy Governor, Moses
Alake-Adeyemo, and other top government officials were also present. One of the
directors, Zhao Lishu, and the current Special Adviser to the Minister for
Steel in China, Gu Lin, led the Chinese delegation.
The HBIS delegation from China was led by Alake-Adeyemo
assured the company the state was one of the largest in Nigeria with the
largest land mass. Oyo is the 14th largest of the 36 states.
He said proposed partnership with the HBIS group was a
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“We cannot quantify the merits of this proposed
partnership between HBIS and Oyo state. This partnership will definitely
increase Oyo state’s IGR, employment, investment etc. Oyo state is prepared to
partner with HBIS in establishing the 3 Million MT Steel Plant. For any country
to develop, iron and still will be core to their development,” Alake-Adeyemo
The Chinese HBIS Group Han-Steel was established in 1958.
It has developed into one important high-quality plate and strip production
base in China after over half a century of hard work and has comprehensively
possessed an annual steel production capacity of 10 million tonnes.
It has total assets of 61,8 billion Yuan (US$970 million)
and annual sales revenues of more than 35 billion Yuan. – CAJ News
- CAJ News