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Dangote Group Partners Sinotruck to Roll Out Assembled-in-Nigeria Trucks Next Week; Cars to Follow Soon

BellaNaija.com

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Aliko Dangote

Africa’s richest man Aliko Dangote, in partnership with China’s heavy duty truck group, Sinotruck, is to roll out first assembled-in-Nigeria trucks next week, the Dangote Group said on Wednesday.

The Executive Director of Dangote Group, Edwin Devakumar, told Reuters in Lagos that the $100 million plant would assemble cars soon.

“It aims to meet an expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country. [The Dangote Group] has a fleet size of 12,000 trucks and large users. One of the biggest challenges in the market today is logistics because we do not have a proper transport network. The joint venture, which is 65 per cent owned by Dangote and 35 per cent by Sinotruck, will assemble components and knocked down parts imported from Sinotruck to the Nigerian plant,” Devakumar said.

He said the plant had the capacity to assemble 16 trucks a day and would export to West Africa, adding that the facility would expand into vehicle manufacturing.

Last March, Dangote bid for a majority stake in Peugeot Automobile Nigeria. The results of the sale have not yet been released.

Turning to Dangote’s other interests, Devakumar said the group was on track to launch its $17 billion oil refinery plant with the first crude for processing going into the plant in October 2019.

“It will handle 650,000 barrels per day. The company will scale down operations in its flour milling, sugar refinery and tomato processing businesses however, due to dollar shortages to fund the import of raw materials. Where the foreign exchange is not available we are cutting down our operations. For example, we had a vegetable oil refinery we have shut down; we had a tomato based processing plant we have shut down,” he said

Dangote’s cement business was continuing as its main raw material – limestone – could be sourced at home.

He added the firm commissioned a new cement plant in Sierra Leone last week and expected a plant in Congo to begin production this year.

Photo Credit: Michael Nagle/Bloomberg/ Getty Images

4 Comments

  1. Taj

    January 18, 2017 at 6:44 pm

    It’s funny how it’s Dangote this and Dangote that but I don’t know anyone who actually works there! Do you?

    • Lala

      January 18, 2017 at 9:57 pm

      Dongote employs lots of foreigners especially at senior level and I don’t blame him. There are few workaholic people left in Nigeria. People whom you pay well but who put in 12 or more hours of work per day and still take work home. That generation is gradually aging and retiring in Nigeria!

      The positions some people get in Nigeria after 3 years experience, one may have to put in 5-7 years to attain the same position abroad because immigration brings a strong pool of talent from all over the world into most western capital cities. So competiton is fierce.

  2. Nunulicious

    January 18, 2017 at 11:46 pm

    As long as things are being produced in Nigeria, that is music to my ears

  3. m

    January 19, 2017 at 2:07 pm

    Uncle Dangote you didn’t see Innosson motors to partner with and encourage after you people will be shouting falsely in your lies, buyNIgeria, help Nigeria. SHior.

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