The Renault-Nissan Alliance and Stallion Group sign Memorandum of
Understanding for vehicle assembly in Lagos
Nissan to become the first major global auto manufacturer to assemble
vehicles in Nigeria following legislation change
Potential to develop plant into a major manufacturing hub for Nissan in
LAGOS, Nigeria, Oct. 9, 2013 /CNW/ - Today Nissan and West African
conglomerate Stallion Group announced their intention to jointly launch
vehicle assembly in Nigeria.
The announcement is in expectation of final approval by the Federal
Government of the new Automobile Industrial Policy, designed to
encourage development of the auto industry in Nigeria, and would see
Nissan become the first major international manufacturer to launch
vehicle assembly in the country following the new legislation.
The parties have signed a Memorandum of Understanding which will result
in Stallion - already Nissan's exclusive distributor in Nigeria -
increasing capacity at its existing plant, VON Automobile Ltd in Lagos.
Stallion currently produces commercial vehicles at the facility. The
plant's annual capacity will be expanded to 45,000 units to assemble a
range of cars, light duty trucks, pickups and vans. Full details of the
product lineup will be confirmed at a later date, however it is
anticipated the first product to be introduced will be the iconic
Nissan Patrol SUV in spring 2014.
Capacity at the plant will also be opened to Nissan's Alliance partner
Renault, to be utilized according to future business needs.
Nissan President and CEO, Carlos Ghosn, said: "We welcome the proactive
measures being taken by the Government of Nigeria to encourage inward
investment and job creation driven by local auto manufacturing.
Together with our local partner, Nissan is preparing to make Nigeria a
significant manufacturing hub in Africa. As the first-mover in Nigeria,
we are positioned for the long-term growth of this market and across
the broader continent."
For the full press release, go to: http://www.media.blog.alliance-renault-nissan.com/news/4524
SOURCE: Renault-Nissan Alliance
For further information:
David Swerdlow Manager AMI Communications
Dudu Mwelase: GM Corporate Communications, Africa