RunGas Group Sets up Plant in Alaro City

By June 26, 2020 Investment News

RunGas Group, a Nigerian gas infrastructure company pioneering the deeper penetration of Liquified Petroleum Gas (LPG) across Africa, has expanded its operations in Nigeria by locating its new composite cylinder manufacturing facility in Alaro City, Lagos State’s new city in the Lekki Free Zone.

The RunGas plant will be used for the integrated manufacturing of LPG cylinders, gas storage, bottling and distribution. Following January’s launch of the largest ready-to-eat therapeutic foods factory in Africa, built by Ariel Foods FZE, in Alaro City, more than 20 businesses have signed up to establish their presence in the new satellite city.  Lanre Runsewe, the Chief Executive Officer of RunGas Group, said the company identified Alaro City as the perfect place for its expansion plans due to the city’s award-winning masterplan and the speed with which infrastructure was being rolled out in the new city. “As RunGas makes progress on our goal of increasing the use of LPG in Nigeria and Africa, such partnerships with business-friendly locations like Alaro City are critical,” he said. “We will use the five hectares acquired in Alaro City for the production and supply of quality certified, durable, standardized and technologically advanced gas cylinders.”

Odunayo Ojo, CEO of Alaro City, said the rapid growth within the new city is a demonstration of the resilience of the Nigerian economy. “We are pleased to welcome RunGas to our growing business community and provide the infrastructure RunGas requires to expand LPG penetration in Nigeria and Africa,” he said. “We are happy to see this latest endorsement of Alaro City’s work in creating a well-planned city that offers numerous benefits to business growth.” Launched in January 2019, Alaro City is planned as a 2,000-hectare mixed-income, city-scale development with industrial and logistics locations, complemented by offices, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares (370 acres) of parks and open spaces.

 

Source: Sunnewsonline