Aged only six months, the new subsidiary “Castolin West Africa Ltd”, with headquarters in Lagos, Nigeria, is already showing great progress with its engineering team and facilities construction well underway. Castolin Eutectic and Deefort Ent. International Ltd. teamed up via a joint venture agreement in December 2014 in Frankfurt/Germany, to found a premium service, maintenance and repair company offering wear protection services to Nigeria´s giant oil and cement industries.
The goals of Castolin West Africa Ltd are to expand the scope of services currently offered on the Nigerian market, develop welding and coating training activities, create strategic alliances with the country´s major oil and cement industrial players and to establish advanced on-site repair capabilities.
Foreign companies investing in Nigeria can apply for pioneer status in respect to supporting industries located in economically disadvantaged areas, which could enable them to develop into important, profitable companies in a re-latively short time. This foreign investment is also targeted to stimulate local manufacturing and use of domestic raw materials.