A Chinese trade delegation on a visit to Cross River state has made known its intention to open a truck manufacturing plant within Calabar Free Trade Zone.
Leader of the group and Deputy Mayor of Chang Chun City, China; Mr. Gui Guangli, disclosed this to Governor of Cross River; Liyel Imoke, during a visit to his office in Calabar, the state capital.
Guangli said the team had spent two days in the state exploring possible areas of investments and having found that there are great opportunities, it decided to start with the establishment of a truck plant.
The Deputy Mayor maintained that manufacturing company has eleven outlets across the world including Japan, Germany and United States, adding that from their study, the state is conducive for investments coupled with the airport, seaport and free trade zone.
He remarked that the trucks which will be produced in Calabar will be of high technology and high class and that volume of production will be determined by the economic indices of demand.
Guangli added that the trade mission was also intending to invest in agriculture and pharmaceutical sectors as a result of their further findings, saying that China and Nigeria have an age long commerce relationship.