Mar 28, 2017 Last Updated 9:05 AM, Mar 28, 2017

Kia Motors unveils Nigerian plant

ABN – In a bid to strengthen its presence in Nigeria, Kia Motors has unveiled a new assembly plant in Lagos.

The United Vehicle Assembly Limited plant will have an annual production capacity of 25,000 vehicles per annum.

Launching of the new plant follows the introduction of the Nigerian government’s new automotive policy, which has led to the construction of several car assembly plants in the country.

Dr Olusegun Aganga, head of the Ministry of Industry, Trade and Investment, said: “I am pleasantly surprised at the level of success and the advance technology of this plant.

“I have visited different auto assembly plants across the globe and I can tell you that with the level of the quality assurance control and the sophistication of the equipment of this assembly plant, it can compete with international standard.”

@ABNetworkOnline

National Cement constructs Ugandan plant

ABN – Kenya’s National Cement will invest US$199 million in its first plant outside of Kenya in Uganda.

Production at the plant is scheduled to begin by the end of next year and will have an annual capacity of one million tonnes.

Billionaire cement manufacturer Dangote is making a move into the Kenyan market with the construction of a plant in Kitui.

It is thought that this may be the motivation by National Cements move into a new market.

The Standard Investment Bank said in research that: “cement companies will have to continue absorbing increasing production costs with forecast average excess capacity expected to remain above 20% through to 2016.”

@ABNetworkOnline

Wrigley constructs Kenyan plant

ABN – Wrigley has announced that it has started construction on a new US$63 million factory in Mavoko, Kenya.

The company hopes that the new facility will help it double its production capacity in the country and also ward off any competition.

Production at the plant is expected to begin in April 2017, which will bring the company’s annual output up to 7.84 billion pellets.

Once the new factory comes online the old factory will be shut down.

Wrigleys East Africa Corporate Affairs manager said: The upcoming factory will double the capacity of our existing facility in Industrial Area.”

@ABNetworkOnline

This Month's Issue

ABN v4i2 web

Subscribe to our newsletter

rgn-web-banner

Featured Companies Across The Network