Ford has launched a new vehicle assembly plant in lekki area of Lagos capable of producing 10,000 to 20,000 vehicles yearly.
The plant was unveiled last week by The Coscharis group as part of it plans to expand and consolidate existing market share in Nigeria and west Africa. The plant is an initiative from the organization to further create value as a leading playing in the automotive industry in Nigeria, Cosmas maduka, president, coscharis group said.
Before now coscharis has rolled out over 600 units of ford ranger multi-purpose mini truck but this time the new assembly plant will have the capacity to produce 10,000 to 20,000 cars annually, even though only 2,000 vehicle has being assembled so far this year.
This is a response to the clarion call of the Federal government of Nigeria through the national automotive industry development plan (NAIDP) whose aim amongst other objective is to discourage the importation of completely built vehicles and to encourage the local manufacturing of vehicles through either complete knocked down or semi knocked down facilities for a start.
“the plant is to appreciate the confidence that the globally respected brand, ford, reposed in its organization as its exclusive official representative in Nigeria to roll out the very first ford assembly plant in Nigeria” Mr Cosmas added.
Construction of the physical structures for the plant was first announced in November 2015 on a piece of land of more than 14 hectares of land at the company’s head office. This is the very first ford plant in Nigeria and the second in Africa after South Africa.
This milestone marks another first in the evolution for coscharis group towards remaining timeless in its relevance.