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Dangote Floats $100m Truck Assembly Plant In Lagos

Daniel Daniel
16 Jan, 2017 In General0 Comments , leave one
Dangote Floats $100m Truck Assembly Plant In Lagos
Dangote Group of Companies has established a $100million truck assembly plant in Lagos as part of its efforts toward boosting foreign exchange and job creation in the country.

The group said in a statement on Sunday in Lagos that the plant was floated by the group in partnership with National Heavy Duty Truck Group Company Limited, (SINOTRUK), a Chinese firm.

SINOTRUCK is a Chinese state-owned truck manufacturer, established in 1956, with its headquarters in Jinan, Shandong Province.

Nigeria is a major market for SINOTRUK products, with Dangote Group, operating the largest fleet in Africa, having over 10,000 trucks for the distribution of its products across the continent

It quoted Mr Anthony Chiejina, the Chief Corporate Communication Officer, Dangote Group, as saying that the plant, located in Ikeja, has the capacity to produce 10,000 trucks annually.

According to him, the plant is expected to create 3,000 direct employments when fully operational.

Chiejina said Aliko Dangote believed that the current economic challenges would make Nigeria stronger if approached positively.

“Alhaji Aliko still believes that Nigeria is one of the best places in the world to do business,'' he said.

The assembly plant is coming ahead of a $17 billion Dangote Refinery, petrochemical and fertiliser plants also located in Lagos that would have the capacity to produce 650,000 barrels per day when it commences operation.

The refinery is expected to begin operations in 2019.

The refinery, which is expected to create over 300,000 direct and indirect jobs, would require several haulage trucks for product distribution.

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