Knauf Group set to open $75m factory in Lagos
German construction firm, The Knauf Group, is set to establish a $75miilion building/construction tools manufacturing factory in Lagos. The delegation from the firm who visited the Lagos State Governor Akinwunmi Ambode on Thursday was led by a member of the Management Committee of the firm, Isabel Knauf; as well as Consular-General of German Embassy in Lagos, Mr. Ingo Herbert.
Speaking in the governor’s office in Alausa, Knauf said upon completion of the factory, the firm would create 25,000 direct employments. The firm also has 23 training centres all over the world training about 14,000 people annually. With plans to replicate same in Lagos, she added that the training centre where architects, civil engineers and craftsmen would be trained on how to technically install their products will cost about two million Euros to establish. She also said that least 800 Nigerians will be trained annually in the first phase
Knauf, however, solicited the support of the State Government in land space for the training centre and permit issues; a request which was instantly granted by the Governor.
Ambode said the approval for the land became imperative in view of the need to encourage investors to continue to invest in Lagos. He said the massive investment by The Knauf Group in Lagos was a pointer to the fact that investors were still willing to invest in Nigeria despite the economic recession.
The Knauf Group is one of the world’s leading manufacturers of modern insulation materials, dry lining systems, plasters and accessories, thermal insulation composite systems, paints, floor screed, floor systems, and construction equipment and tools.
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