German Company Set To Build N14bn Factory In Lagos

A German investor, Mrs Isabel Knauf, on Monday, expressed the readiness of her company, Knauf Group International, to commence work on a N14 billion manufacturing firm in Lagos State.

Mrs Isabel Knauf, made the disclosure when the German Ambassador, Mr Michael Zenner, led a group of German diplomats and investors on a courtesy visit to Gov. Akinwunmi Ambode at Ikeja.

Knauf solicited the support of the governor toward locating a 70 million dollars (N14 billion) building and construction tools manufacturing company in Lagos.

She said that the preference for Lagos was informed by its proximity to ports, availability of gas pipeline and a ready market.

“We are looking to invest and build a factory here and we want your support. We have been to Lekki Sea Port and want to proceed on investing straight off.

“I wish to express our interest in investing about 70 million US dollars in construction tools factory in Lagos for the first stage,” Knauf said.

Read More: NAN

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