Thursday, October 10, 2013
Nissan To Produce Pickup Trucks In Nigeria Via Local Partner
TOKYO (Nikkei)--Nissan Motor Co. (7201) said Wednesday that it has agreed to consign pickup truck assembly to a local conglomerate in Nigeria beginning next spring, becoming the first Japanese carmaker to set up production there.
Stallion Group, which is also Nissan's exclusive distributor in the West African country, plans to manufacture large Patrol pickups at its Lagos plant, which is likely to be expanded. Neither the value of the investment nor the anticipated output was revealed.
Automobile demand in Nigeria, a nation of more than 160 million people, is expected to grow in the coming years. In a prepared statement, President Carlos Ghosn said, "Together with our local partner, Nissan is preparing to make Nigeria a significant manufacturing hub in Africa."
Nigeria will be the Japanese carmaker's fourth manufacturing outpost in Africa, after South Africa, Egypt and Kenya.
Nissan previously unveiled plans to sell vehicles under the Datsun brand in South Africa in fiscal 2014. It aims to double annual sales in all of Africa from fiscal 2012 levels to 220,000 units by fiscal 2016.
Honda Motor Co. (7267) has been operating in Nigeria since 1979, when it established a motorcycle plant. This past April, it set up a local subsidiary for importing automobiles.
(The Nikkei, Oct. 10 morning edition)