Tag: Automotive Industry

Japanese Yazaki and Sumitomo to build four plants in Morocco, creating 8300 jobs

Frank

MOROCCO – Japanese Corporations Yazaki, which makes car components, and Sumitomo Electric Industries are planning to build four plants in Morocco for a US$103 million investment. These plants will create 8300 jobs and support Morocco’s car industry. The two Japanese groups signed separate agreements with Moroccan authorities in a ceremony chaired by Minister of Industry and Trade Moulay Hafid Elalamy. Under terms of the sealed deal, Yazaki has pledged to invest US$52.2 million for the expansion of its activities in Morocco through the setting up of three new plants in…

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Accident cars no longer allowed in Ghana as from October this year

Frank

GHANA – The parliament of Ghana has finally passed the automotive bill prohibiting the importation of any vehicle that has a history of accident into the country as from October this year. Prior to the new the new law, Ghanaian car dealers could bring in damaged vehicles, repair them before selling them to customers. This provided a cheaper option to Ghanaians keen on having their own cars. According to a report by Bloomberg, vehicles older than 10 years were also not spared by the automotive bill which also bans their…

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Ghana’s President Akufo-Addo unveils first locally assembled Volkswagen car

Frank

GHANA – Ghana’s President H.E. Nana Addo Dankwa Akufo-Addo has presided over the launching ceremony of the locally assembled Volkswagen car which was held in the country’s capital, Accra. The successful launch of the Volkswagen car follows the signing of an MoU between the Government of Ghana and the German automobile manufacturer which was aimed at establishing a vehicle assembly plant in Ghana. The MoU according to Ghana Web was signed 2 years ago during an official visit by the German Chancellor, Angela Merkel to Ghana. Volkswagen will be assembling…

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Nigeria’s automotive industry achieves a new feat as locally made Kia, DFM cars get launched

Frank

NIGERIA – Dana Motors has launched locally assembled all new Kia and DFM 2020 car models at at the Abuja auto parade organised by the National Automotive Design and Development Council. Dana said in a statement that the all-new 2020 Kia models as well as the DFM made-in-Nigeria models displayed at the fair were “breathtakingly auspicious” as they attracted the vast majority of the people at the event. According to the auto firm, the event was aimed at showcasing the feats recorded by the nation’s auto policy for the past…

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Nigeria’s automotive industry attracts US$1bn investments, creates 50,000 jobs

Frank

NIGERIA – Nigeria’s automotive sector has attracted investments worth US$1bn since the commencement of the National Automotive Industry Development Plan in 2013. This was confirmed by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, who was speaking in Abuja at the unveiling of vehicles assembled in Nigeria. Mr. Aliyu also revealed that investment in the automotive sector had resulted in the creation of over 50,000 direct and indirect jobs. Minister of Industry, Trade and Investment, Adeniyi Adebayo said since launching the plan, 62 companies had been registered to…

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Chinese vehicle manufacturer Sinotruk commences operations in Ghana assembly plants

Frank

GHANA – Chinese vehicle manufacturing company Sinotruk, has begun assembling its plants under the Automotive Development Policy by government. According to Ghana’s Information Minister, Kojo Oppong Nkrumah, there are a number of other car manufacturing companies that have also begun assembling their plants and are start producing vehicles soon. Mr Nkrumah said that the German car giant Volkswagen is scheduled to start operations in the first quarter of 2020 intends to roll out its vehicles. The Japanese car maker, Toyota on the other hand, is expected to roar to life…

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Varroc Morocco secures US$16m from EBRD to expand operations

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MOROCCO – The European Bank for Reconstruction and Development (EBRD) has granted €15 million (about US$16.33 million) loan to Varroc Lighting Systems Morocco. This funding will allow the company to set up training and creating jobs for young skilled workers, according to Morocco World News. EBRD said that the loan to Varroc formed part of its effort to support the automobile industry in Morocco. It will enable Varroc Engineering provide the Renault plant in Tangier and the Peugeot PSA plant in Kenitra with exterior lighting systems in addition to other…

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GM restructures international operations to cut costs, shuts Australia, NZ operations

Frank

UNITED STATES – American multinational corporation, General Motors Company has said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its global business. The Thai plant, according to Reuters, will be acquired by Great Wall, one of China’s biggest sport-utility vehicle makers. The Chinese automaker said it will sell cars from the Thai manufacturing base, which also has an engine plant, in Southeast Asia and Australia as it seeks global sales amid a slowing domestic market. The moves which…

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Government to ban importation of accident and overaged vehicles into Ghana

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Ghana – Government has initiated processes to pass the Customs Amendments Bill into law to regulate the importation of vehicles into Ghana. Mr Osei Kyei-Mensah-Bonsu, the Majority Leader and Minister of Parliamentary Affairs disclosed this in a radio interview on Okay FM, an Accra based Radio Station Tuesday morning. He said the decision to ban importation of accident and overaged vehicles into Ghana is to create the enabling environment and market for the many automobile companies about to establish outlets in Ghana. German car-maker, Volkswagen, Nissan and Toyota are among…

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ENGIE awarded contract to set up solar power plant at Nexans Maroc’s automotive manufacturing plant

Frank

MOROCCO – Nexans Maroc, a leader in aeronautical wiring, has signed a contract with ENGIE Services Maroc for the construction of a photovoltaic solar power plant on the roof of its plant in Mohammedia. The 15-year-contract also involves the design, provision, and maintenance of the photovoltaic power plant with an installed capacity of 2,5 MW. Covering an area of ​​13,000 square meters, the solar project will meet almost 22% of the plant’s annual electricity needs and halt the emission of more than 700 tonnes of CO2 per year. The CEO…

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