CFAO, Yamaha Motor sign agreement to manufacture and distribute motorcycles in Nigeria




CFAO and Yamaha Motor Co. Ltd have signed an agreement to manufacture and distribute motorcycles through a joint venture company in Nigeria.

The joint venture, which will be named CFAO Yamaha Motor Nigeria Ltd. (CYMNG), will be owned at 50% by CFAO and 50% by Yamaha Motor Co. Ltd.

A statement by the two companies said that CYMNG “will benefit from distribution rights to manufacture and distribute Yamaha motorcycles in Nigeria, the leading market in Africa with over one million new motorcycles sold per year”.

The premises, including an assembly plant, will be based in a CFAO multi-activity site in Lagos. Scheduled to commence operation in summer 2015, the factory has a production and sales target of 70,000 motorcycles in 2018.

Yamaha Motor Co. Ltd, one of the world’s leading manufacturers of motorcycles with a presence in about 200 countries, will contribute its manufacturing and marketing expertise.

With a strong and longstanding presence in Nigeria (112 years) and an extensive network in 20 cities and towns in the country, CFAO boasts in-depth knowledge of the local market, distribution networks and customer needs, whether BtoB or BtoC.

CFAO already imports and distributes Yamaha products in 16 other countries in Africa.

http://businessdayonline.com/2014/12.../#.VIsM0YrF8XV

Manufacture motorcycles and then have government ban the usage of same in the cities. Who's fooling who??

Iroh88:
Manufacture motorcycles and then have government ban the usage of same in the cities. Who's fooling who??

Government did not ban the use of motorcycles in Nigeria. Motorcycles do not equate to 'Okada'.

Iroh88:
Manufacture motorcycles and then have government ban the usage of same in the cities. Who's fooling who??

motorcycle dat its on it way to extinction.

afolag:

motorcycle dat its on it way to extinction.

Ignorance. Do you know that bicycles and trams are among the most common modes of transport in urban Holland? The most important thing is job creation. The more industries open, the more jobs for the people.

Irresponsible government keep deceiving unaself, 2014 Nigeria no get lite

ROSSIKE:


Ignorance. Do you know that bicycles and trams are among the most common modes of transport in urban Holland? The most important thing is job creation. The more industries open, the more jobs for the people.

how many jobs compared to the rise in number of hospitalized youth and the crime they use these machines for. U av to sit down and analyse the risk and opportunities.

ROSSIKE:


Government did not ban the use of motorcycles in Nigeria. Motorcycles do not equate to 'Okada'.

you are lying they ban mottorcycle in the major roads in Nigeria

I think its great news.. Job opportunities for all

JONATHAN IS A FAILURE

And because you guys reason like a bowl of draw soup ill enlighten you. If gov bans motorcycles and Yamaha manufactures them yamaha will export it from nigeria. Our currency will strengthen as result and our dependence on oil stability decreased.

Longtime trade partners. Yamaha owes us more than this.

Motorcycle ke? Wen our govt hs declared motorcycl an illegal product? Nigerian govt amaze me...

That will challenge our local production at nnewi or is it not?

We've spent decades buying frm this people. As as poor as successive govts have been in nigeria , we couldnt develop our potential and, waited until the manufacturer decided to set up a plant as a result of the huge patronage they enjoy from Nigeria. Sms!