- Dangote Industries has said the company’s vehicle manufacturing segment could produce 10,000 trucks annually
- The company stated this through its regional sales director, Dolapo Alli, at the ongoing Gateway International Tradefair in Abeokuta
- The company said that it has an assembly plant valued at $100 million that produces a wide range of vehicles in Nigeria
Dolapo Alli, the regional sales director of Dangote Cement Lagos and Ogun, has disclosed that the company’s car business, Dangote Sinotruck West Africa Limited, can build 10,000 trucks yearly.
Alli made the statement at the 13th Gateway International Trade Fair in Abeokuta, Ogun state, adding that the vehicle manufacturing firm was participating in the fair for the first time.
Firm embarks on other ventures
According to reports, Alli said that Dangote Sinotruk West Africa manufactures a range of commercial vehicles, including heavy-duty trucks, medium trucks, light trucks, semi-trailers, and buses.
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The sales director said the company could meet the demand in the logistics industry in Nigeria, especially in the construction, food, and beverage industries.
Alli said:
“The company aims to meet the expected increased demand of segments like logistics, construction, food and beverage industries as the government focuses on boosting the economic development across the country,” he said.“It can produce 10,000 trucks annually and is creating thousands of direct and indirect jobs,” he added.Alli stated that the Dangote conglomerate considers the Ogun State Chamber of Commerce, Industry, Mines, and Agriculture as unique since the state has one of the highest numbers of industries in Nigeria, thereby serving as a passage for products, services, and people.
Why company was founded in Nigeria
Dangote Sinotruck West Africa Limited is a joint venture between Dangote Industries Limited and Sinotruck China with a $100 million investment in the assembly of various types of trucks, with Dangote Industries having about 65% stake and Sinotruck owning 35%.
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The company said its goals for Sinotruck West Africa Limited are:
- Job creation for Nigerians.
- Strengthening the local auto industry.
- Expanding the equipment base to achieve technical improvements in Nigeria and promoting economic growth.
The firm was founded to assemble and produce a range of commercial vehicles, heavy-duty trucks, medium trucks, light trucks, and other semi-trailers.
Dangote Joins Forces With Peugeot to Set Up Vehicle Assembly Company, Begins Operations
Legit.ng reported that billionaire businessman, Aliko Dangote in conjunction with Peugeot, owned by the Stellantis Group and situated in Kano and Kaduna states, has started the assembly of vehicles in Nigeria, taking on Innoson Motors, a dominant local manufacturing and assembly firm.
The companies are assembling the vehicles at the new Greenfield Ultima Assembly plant located in the northwest part of Nigeria. The plant was built to operate at full capacity and is touted to have the capacity to assemble close to 120 vehicles per day across all its outfits.
The manufacturing director of the plant, Ibrahim Issa Gachi said that the newly assembled vehicles will flaunt the latest technology and safety features that would ensure its users are safe.
Source: Legit.ng
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