A Chinese delegation from the Shangyou Wood Industries has met with Liberia’s President George Manneh Weah in Monrovia, seeking to explore the possibility for the construction of a rubber wood furniture plant in Liberia.
An Executive Mansion release says the visit took place on 16 March at Mr. Weah’s Foreign Ministry Office. The Chinese delegation was led by its Chairman Liu Hong.
When successful, the plant will produce close to 1,200 jobs for Liberians within the first phase of the project, the release discloses. President Weah welcomed the Chinese delegation and commended them for their interest in investing in Liberia, expressing hope that such investment would create jobs for Liberians and serve as a catalyst to his pro-poor agenda.
He informed the Chinese delegation that while his government remains opened to foreign investments, the well-being of Liberians and the need for fair labor practice remain cardinal to his pro-poor initiatives.
Mr. Weah climaxed the meeting by informing the Chinese delegation to work with the necessary government entities to ensure that their investment proposal becomes fruitful.
The head of the Chinese delegation Liu Hong said after thorough assessment, they believe rubber wood could play an active role in promoting economic and trade cooperation between China and Liberia.
The Chinese delegation is from Nankang City, Jiangxi Province which is also China’s largest rubber wood consumer market.
The delegation intimated that their preliminary assessment shows that while Liberia has rich rubber wood resources, it lacks financing, processing equipment, and modern technology.
As such, the delegation says the rubber resources are not effectively used here.
The Nankang City, Jiangxi Province-based company reveals that it has a strong financial strength, advanced processing equipment, technology, scientific and a realistic business plan.
The visiting Chinese delegation was accompanied by Liberia’s Ambassador to China, McKinley Thomas.--Press releas