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Business News of Monday, 13 February 2023

Source: www.legit.ng

Dangote car and truck manufacturing company to roll out 10,000 truck annually

The photo used to illustrate the story The photo used to illustrate the story

The Regional Sales Director, Lagos and Ogun of Dangote Cement, Dolapo Alli, said that the company’s car business, Dangote Sintruck West Africa Limited, can build 10,000 trucks yearly.

Alli made the statement at the 13th Gateway International Trade Fair in Abeokuta, adding that the vehicle manufacturing firm was participating in the Fair for the first time.

According to reports, Alli said that Dangote Sinotruk West Africa manufactures a range of commercial vehicles, including heavy-duty trucks, medium trucks, light trucks, semi-trailers, and buses.

Per the Sales Director, the company can meet the demand in the logistics industry in Nigeria, especially in construction, food, and beverage industry in Nigeria.

Alli said: “The company aims to meet the expected increased demand of segments like logistics, constructions, food and beverage industries as the government focuses on boosting the economic development across the country,” he said.

“It can produce 10,000 trucks annually and is creating thousands of direct and indirect jobs,” he added.

Alli stated that the Dangote conglomerate thinks of the Ogun State Chamber of Commerce, Industry, Mines, and Agriculture as unique since the state has one of the highest numbers of industries in Nigeria, serving as a transit passage for products, services, and people.

Dangote Sinotruck West Africa Limited is a joint venture between Dangote Industries Limited and Sinotruck China with a $100 million investment in the assembly of various types of trucks, with Dangote Industries having about 65 per cent stake and Sinotruck owning 35 per cent.

The company said its goals for Sinotruck West Africa Limited are:

- Job creation for Nigerians.

- Strengthening the local auto industry.

- Expanding the equipment base to achieve technical improvements in Nigeria and promoting economic growth.

The firm was founded to assemble and produce a complete range of commercial vehicles, heavy-duty trucks, medium trucks, light trucks, and other semi-trailers.