CHROME GROUP TO INVEST $750 MILLION IN NIGERIA
Kaztec Engineering, a subsidiary of The Chrome Group, will invest $750 million over the next year on its facility at the Snake Island in Lagos. The amount will be invested in the construction of a pipe coating and pipe rolling mill facility, dry-dock and logistics base at the dockyard. With the latest investment plan, the group would have spent over $1 billion since August of 2013.
The group is currently fabricating a booster compressor for Addax Petroleum, a subsidiary of China’s Sinopec.