Chinese firm take over Resin paints industry in Imo

Rochas-OkorochaImo State Governor, Chief Rochas Okorocha, has officially handed over the Resin Paints Industry, Aboh Mbaise, to Skyrun Group, a Corporate Company from China, to commence business in the establishment.

Speaking at the handover ceremony Thursday 7th April 2016, Okorocha reminded Imolites and Aboh Mbaise people in particularly that he has fulfilled his earlier promise of fully repurchasing and restoring the industry back to Imo State Government.

He recounted how the sale and repurchase of Resin Paints Industry traversed over the years, from state, personal, corporate and back to state government ownership.

“I want to announce to you today that this property sited here, is no longer the property of anybody, but the property of Imo State Government”, Okorocha said.

The Governor recalled the cooperation of the Nigerian Deposit Insurance Corporation, NDIC, and the honest and transparent assistance of an indigenous bank in the whole buy-back process.

“It was in the bid to shop for and attract investors that he met with Skyrun, a renowned Chinese company that showed interest to do business in Imo State, beginning with the Resin Paints Industry, where they will produce prepaid electric meter, fridge, television and other electronic home appliances. It will attract good business from around Africa and beyond and also generate employment for Imo citizens”, Okorocha said.

The governor then charged the people of the area to make sure that the property is securely protected and to cooperate with Skyrun Group.

Earlier in his speech, the Executive General Manager of Skyrun, Mr. Shai Shao, appreciated the venture, pointing out that the company have been in Nigeria for some years, but will opt to begin power projects here in Imo in line with the administration’s job mantra.

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