Chinese Firm Opens Auto – Assembly Plant In Lagos

In support of the Federal Government’s auto policy, a Chinese firm, has joined the list of foreign companies that have established automobile assembly plant in Nigeria.

Perfection Motors Company Limited (a member of Lee Group) and FAW, China, have set up a Semi-Knock Down (SKD) auto assembly in Ikeja, the commercial capital of Lagos.

General Manager, Perfection Motors Company Limited, Mr. Adrian Fourie, gave his remarks at the opening of the new FAW showroom, workshop and SKD auto plant in Ikeja, Lagos.

According to Fourie, “In view of the fact that we will outgrow this assembly line in the next three years, we will be breaking ground on the future CKD (Complete Knock Down) assembly plant in Ogiju, with construction starting later this year.”

“Partnering with FAW has given us the confidence to invest, as you know, we are bringing a quality brand to Nigeria. We believe that the Nigerian public deserve the best as far as price and quality are concerned,” he added.

“With over 50 years of experience and over 200 vehicles on the road, our group truly understand the needs of the Nigerian people and the Nigeria transport industry as a whole”.

He noted that their dealership network will spread across Abuja, Port Harcourt, Kaduna and Kano.

The plant is expected to assemble 1000 cars annually.

Curated from The Nation.

The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.


January 2016
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