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Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity - Autos (4) - Nairaland

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Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by frankopit: 9:23pm On Aug 31, 2016
celestialAgent:
I'm not supprised.

Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled...

let's not embrace dependency, we need real productions!

Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..

Pls can u name a car manufacturing company that produces all it's parts and tire,plugs.they only work in alliance with other parts manufacturing specialist.befor u browse internet , u bought phone , sim from diff sources.eg danso plugs and coils are not produce by Toyota but mostly in Toyota cars

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:25pm On Aug 31, 2016
Quakertellicus1:


So long as he cannot make the engine...and so long as he is not making enough cars to sell for export and forex....he won't be able to solve his forex issues.



How much export has dangote engaged in to have all the forex presently at his disposal.

4 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by docadams: 9:27pm On Aug 31, 2016
Quakertellicus1:


No, the parts were made abroad...and then assembled in Nigeria.

It is what companies like PAN, Volkswagen of Nigeria, Steyr, Leyland, and company used to do in Nigeria in the 1970's...they would import CKD (Completely knocked down ) parts into Nigeria and assemble them here into cars.

Solong as oil prices were high back then, and we could spend the dollars back then, we could do that with ease.

But back in 1973....construction work began on Ajaokuta Steel Complex...the idea being that all those car assembly plants would eventually make their cars in Nigeria...and end the imports of CKD parts. That unfortunately did not happen.

When oil crashed in 1982...the parts became too expensive to import , and eventually a new car became expensive in Nigeria...which is when the tokunbo industry began to grow....from the late 1980's on wards.(In 1975...you could get a new car for less than N6000. By 1990..that new car set you back N1million. By 1993....it was basically the government and the very rich that were buying new cars.)

What Innoson was doing was importing CKD parts from China and assembling them under the INNOSON marque. So long as the dollars were flowing in thanks to high oil prices....he could do that easily. But...once oil prices crashed, and the FG was forced to bring in restrictions on forex...that became difficult.

You see why GEJ's automotive miracle was a false mirage? We were just doing what we did in the 1970's....live on a false lie. You cannot have a good domestic car manufacturing industry without sufficient local content.

Innoson is a great man....where his problem was....his Achilles heel if you will ...was in the area of local content.

You're abreast with history laden with facts. The only omission is that, unlike Innoson, the assembly plants we had then had 30% local content, viz: tyres, upholstery, lightening, wiring, nuts and bolts, floor mats, paint work and battery

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 9:27pm On Aug 31, 2016
redcap:



How much export has dangote engaged in to have all the forex presently at his disposal.

Sorry....you have taken me down the road called Off topic...and tribe.

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by adconline(m): 9:28pm On Aug 31, 2016
Quakertellicus1:


Because Tata can pay them to do the job...because Tata motors is part of a larger conglomerate by the by.
Nope! because car engine manufacturing is a complex proprietary technology that's not easily copied and replicated. How come Chinese are still outsourcing engine manufacturing??
IVM at its infancy, should not focus on building engine from ground up!!

2 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fedayeen02: 9:33pm On Aug 31, 2016
Quakertellicus1:


We have it....it is just that we would rather sell it off to earn money to share amongst ourselves ...rather than use it to fire our local industrial sector.
which local industry. Give me an example

1 Like 1 Share

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 9:34pm On Aug 31, 2016
celestialAgent:
I'm not supprised.

Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled...

let's not embrace dependency, we need real productions!

Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..

How can innoson manufacture in nigeria wen Ders no electricity? Do u tink d likes of toyota, Honda & Audi wer stewpid 4 not comin 2 nigeria despite its sizable mkt? Pls giv innoson sme kudos. If der was electricity, personally I wld hav started manufacturin smetin. Innoson shd be given exclusive rights do dollars jst as dangote & oda apc politicians hav. U tink we Dnt knw wat dis govt is doin? We r waitin 4 dem 2 cme out straite

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:34pm On Aug 31, 2016
Quakertellicus1:


Sorry....you have taken me down the road called Off topic...and tribe.


This isn't off-topic,just answer the question. Its obvious he exports nothing yet the present govt support him because of the importance of his businesses to the nations economy. Some companies can't be left out to collapse.
Stop seeing every discuss from ur tribal lens.the govt had better support innoson the same way it supports the likes of dangote and co.

2 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:37pm On Aug 31, 2016
Quakertellicus1:


So long as he cannot make the engine...and so long as he is not making enough cars to sell for export and forex....he won't be able to solve his forex issues.


Guy park one side fest! He cannot manufacture everything. 70% is more than much. He sources locally too. If the govt cannot create enabling environment for other manufacturers to operate, I do not see how it is his fault. Why is Dangote not manufacturing his production machines in Nigeria? But the govt provides him with a whooping 10% of our forex earnings? Just one man? Is he the only employer of labour? Do you know the employment opportunities lost as a result of this forex situation? Its not only innoson oooo! There are numerous others already and more to follow. We all know of aerocontractors too, just today it suspended operations. Do you know the attendant effect on the labour market?
How many jobs is Dangote refinery sustaining now at its infancy stage as compared to the thousands already who have become victims from job cuts in various companies?

So because I have planted cassava today, I should fast and not eat anything else till the cassava is due for harvest?

4 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 9:42pm On Aug 31, 2016
Fawklicant:


Guy park one side fest! He cannot manufacture everything. 70% is more than much. He sources locally too. If the govt cannot create enabling environment for other manufacturers to operate, I do not see how it is his fault. Why is Dangote not manufacturing his production machines in Nigeria? But the govt provides him with a whooping 10% of our forex earnings? Just one man? Is he the only employer of labour? Do you know the employment opportunities lost as a result of this forex situation? Its not only innoson oooo! There are numerous others already and more to follow. We all know of aerocontractors too, just today it suspended operations. Do you know the attendant effect on the labour market?
How many jobs is Dangote refinery sustaining now at its infancy stage as compared to the thousands already who have become victims from job cuts in various companies?

So because I have planted cassava today, I should fast and not eat anything else till the cassava is due for harvest?


Word. People could really sound intelligent on first impression but if you probe deeper you'll eventually reveal their shallowness.

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by MrCEO69(m): 9:44pm On Aug 31, 2016
EazyMoh:
God help us!

so if u want to do something like dat, u den print ur logo on it so that every one will see it u, doing smth bad publicly. It one of the propaganda of apc, and e neva clear for ur eye. no worry enjoy ur change.

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:50pm On Aug 31, 2016
oluwaahmed:


How can innoson manufacture in nigeria wen Ders no electricity? Do u tink d likes of toyota, Honda & Audi wer stewpid 4 not comin 2 nigeria despite its sizable mkt? Pls giv innoson sme kudos. If der was electricity, personally I wld hav started manufacturin smetin. Innoson shd be given exclusive rights do dollars jst as dangote & oda apc politicians hav. U tink we Dnt knw wat dis govt is doin? We r waitin 4 dem 2 cme out straite

God bless you sir. There is an agenda going on and people are trying to pull wool over our eyes! How can major manufacturers, airlines and the likes be denied of their fair share of forex just because of one man? The same one man was granted exclusive rights to import rice at the infancy of his road to riches by Abacha/IBB back then. The same one man used OBJ to squash perceived competitors...Ibeto cement, etc.

The same man and Otedola washed their dirty linens outside showing how they were manipulating the stock markets a few years back with accusatory evidences published in several national dailies, yet none of them was tried. In saner climes, Dangote would probably be serving jail terms now.

I have nothing against him as a person, but it is very unfair to us all tax payers when unfair advantage is given to a select crop of individuals.

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 9:51pm On Aug 31, 2016
deji15:

In the southeastern city of Aba – known as the “Japan of Africa” until the 1970s – more than 2,000 shoemakers have shut because they cannot pay for imported glue or synthetic leather, whose prices has surged due to the black market dollar rate.

The solution is replace imported parts with local content..

So, with all the various animals in Nigeria, we cannot get enough synthetic leather from them
Importing glue??

As a secondary school pupil, I was making glue / gum from bark of the cashew tree in our school compound....

We need to change our orientation..

So what's stopping you from producing glue now and making money from it? It could ease the consumers dependence on importation of glue and with time, you could become an employer of labour. Except of course if you are lying.

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by ginggerxy: 9:51pm On Aug 31, 2016
iamDaisy:
2steps forward 10steps back that's the Nigerian way! cry cry
O boy shocked just saw something so magnetic damn
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:53pm On Aug 31, 2016
redcap:



The guy you quoted doesn't know what he's saying. I was at innoson plant several times last year and I can tell you that all thebody parts (metal/plastics) are wholly made in that factory. The tires are brought in from his other factory in the east.People don't travel all they do is lazy around and busy creating a mental picture of how successful people made their money.

Exactly. I didnt even know he produces tires until recently when I read it. If you travel to Nnewi, you'll see that they produce a whole lot of automobil and motorcycle components. Ibeto even produces batteries.

4 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Fawklicant: 9:59pm On Aug 31, 2016
redcap:



Word. People could really sound intelligent on first impression but if you probe deeper you'll eventually reveal their shallowness.

Some people just like to comply socially and sound politically correct, brandishing economic parlances and theories while at it, but a little probe further will ease you in on their true mindset, then you'd see everything else is a facade.

Guy you seem to have a bul.lshi.t radar cheesy

2 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by linusbnn(m): 10:04pm On Aug 31, 2016
celestialAgent:
I'm not supprised.

Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled...

let's not embrace dependency, we need real productions!

Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..

Dangote refinery is build with imported steels and pipes,even our railway lines currently built are also dependent on imported materials. Innoson is 100% local but there are others parts that are needed to complete production. Innoson is appreciated by good nigerians

4 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by Nobody: 10:04pm On Aug 31, 2016
Fit2Rule:


So what's stopping you from producing glue now and making money from it? It could ease the consumers dependence on importation of glue and with time, you could become an employer of labour. Except of course if you are lying.

I am not lying. It is a very simple thing to do. If you have ever seen a cashew tree before, you can easily confirm what I have written. The liquid oozes out of the tree on its own, all you need to do is collect it in a container and add a little water, then stir. I used it to mend my shoes, glue my torn papers etc.

If this were to be my line of business and there is ready made market, I surely will do it. But I am into other things. I do Agric related activities and supports family and friends who are into Agriculture as well. I am productive.
I don't know what you do for a living, but if you are currently unemployed, this is an idea for you to explore.
Some of these things are not rocket science.
It is like the tooth pick that you can easily make from palm fronds or bamboo trees.
We are used to importing everything.

2 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by redcap: 10:04pm On Aug 31, 2016
Fawklicant:


Some people just like to comply socially and sound politically correct, brandishing economic parlances and theories while at it, but a little probe further will ease you in on their true mindset, then you'd see everything else is a facade.

Guy you seem to have a bul.lshi.t radar cheesy




I don't like pretentious and fact twisting mofos.all his gimmicks is laid bare and he had no choice but to take to his heels with tails in-between his legs. embarassed

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by hamilton62(m): 10:25pm On Aug 31, 2016
GogetterMD:
I thought the vehicles were exclusively made in Nigeria undecided
yes they are, it's known than innoson imports vehicle engines just as other companies like toyota etc do.
An automobile company might have a design of engine sent to an egine manufacturing company like suzuki etc but that doesn't mean it produces its engine... Innoson sources his auto engine from 1st class auto engine production companies...
For doubting- thomas, innoson is never a CKD assembler but a manufacturer
https://en.m.wikipedia.org/wiki/Innoson_Vehicle_Manufacturing

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:34pm On Aug 31, 2016
linusbnn:


Dangote refinery is build with imported steels and pipes,even our railway lines currently built are also dependent on imported materials. Innoson is 100% local but there are others parts that are needed to complete production. Innoson is appreciated by good nigerians
100% local, seriously?

Then how can you explain the course of lamentation due to insufficient forex when they can get all they need here as 100% local? Insight me smiley

2 Likes 1 Share

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by kid7soccer(m): 10:47pm On Aug 31, 2016
celestialAgent:
I'm not supprised.

Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled...

let's not embrace dependency, we need real productions!

Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..
you have to start somewhere to get somewhere, innoson started with okada assembling before he start building the engines for them in nigeria, now he is assembling cars, with time he will get to the point of building their engines in nigeria. You have to understand that this things cost money to put in place and with no support or partnership from our govt, It will be difficult for him to start car engine manufacting now without sufficent capital

4 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:54pm On Aug 31, 2016
frankopit:


Pls can u name a car manufacturing company that produces all it's parts and tire,plugs.they only work in alliance with other parts manufacturing specialist.befor u browse internet , u bought phone , sim from diff sources.eg danso plugs and coils are not produce by Toyota but mostly in Toyota cars
Just one question: Have you ever wondered while Apple products are assembled in China but tagged as "produced by apple in California"? This is simply because the main components are produced by Apple in California and Packaged in China.

The above explained scenerio applies to innoson operation - A dependent company (once the material source fails, the company is zilch).

2 Likes 1 Share

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 10:54pm On Aug 31, 2016
oluwaahmed:


How can innoson manufacture in nigeria wen Ders no electricity? Do u tink d likes of toyota, Honda & Audi wer stewpid 4 not comin 2 nigeria despite its sizable mkt? Pls giv innoson sme kudos. If der was electricity, personally I wld hav started manufacturin smetin. Innoson shd be given exclusive rights do dollars jst as dangote & oda apc politicians hav. U tink we Dnt knw wat dis govt is doin? We r waitin 4 dem 2 cme out straite
We are talking about real production here! If innoson could produce her car parts from the many available local resources, obviously the company will be able to sell forex to CBN for her export proceeds.

Toyota, Benz, Honda, these companies are well recognized not because they import and couple the imported parts but because the produces the engines from scratch. Hence, the reason for the so much glorification.

2 Likes 1 Share

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 11:01pm On Aug 31, 2016
Fawklicant:


God bless you sir. There is an agenda going on and people are trying to pull wool over our eyes! How can major manufacturers, airlines and the likes be denied of their fair share of forex just because of one man? The same one man was granted exclusive rights to import rice at the infancy of his road to riches by Abacha/IBB back then. The same one man used OBJ to squash perceived competitors...Ibeto cement, etc.

The same man and Otedola washed their dirty linens outside showing how they were manipulating the stock markets a few years back with accusatory evidences published in several national dailies, yet none of them was tried. In saner climes, Dangote would probably be serving jail terms now.

I have nothing against him as a person, but it is very unfair to us all tax payers when unfair advantage is given to a select crop of individuals.

U cldnt hav said It any better. We hav small children evrywer on social media dat Dnt bother 2 chk history dats y sme1 like buhari can cme bk again 2 rule dis country. Anyway leme not tuk 2 much dis 1 deir arrestin pple on social media 4 airin deir view(see d typa democracy we now practicin?)
#antiestablishment

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 11:03pm On Aug 31, 2016
Quakertellicus1:


Ah grow up .Zombies do not exist..
I know we invented it for the likes of you

1 Like

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by erico2k2(m): 11:06pm On Aug 31, 2016
celestialAgent:
We are talking about real production here! If innoson could produce her car parts from the many available local resources, obviously the company will be able to sell forex to CBN for her export proceeds.

Toyota, Benz, Honda, these companies are well recognized not because they import and couple the imported parts but because the produces the engines from scratch. Hence, the reason for the so much glorification.
U might be surprised things as simple as brake system and brake pads are not manufactured by the listed vehicle manufacturers.

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by ibedun: 11:09pm On Aug 31, 2016
Fawklicant:


Innoson manufactures 70% Of its parts in Nigeria. There is a plastics and fibre plant in Emene, Enugu.

Emene is full of Fulani herdsmen!
Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by oluwaahmed: 11:10pm On Aug 31, 2016
celestialAgent:
We are talking about real production here! If innoson could produce her car parts from the many available local resources, obviously the company will be able to sell forex to CBN for her export proceeds.

Toyota, Benz, Honda, these companies are well recognized not because they import and couple the imported parts but because the produces the engines from scratch. Hence, the reason for the so much glorification.

Do u tink innoson cannot produce engine 4rm scratch? Wat is even der 2 produce engine? Pls go 2 good polys and see wat boys R doin, or even go 2 arts & craft centre 2 see tins urself. Dis guy av u even seen wat a car manufacturin plant looks like b4? Do u tink it's a couple of laborers tightin screws & losin bolts? Why hasn't toyota or Honda established a factory in nigeria? Even Nissan dat is a well known manufacturer is even couplin her cars here in 9ja. Dese brands hav factories in Asia, Europe America & in SA yet dey run 4rm 9ja because of no electricity. Ha! I actually wld luv 2 say more but u sound a Lil unenlightened. Let me operate wit sme1 of d same level of reasonin

3 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by prophetfire: 11:14pm On Aug 31, 2016
celestialAgent:
I'm not supprised.

Innoson has never occured to me as a car manufacturing company but a car part compilation company. Hence the reason for reliance on forex to import the parts to be coupled...

let's not embrace dependency, we need real productions!

Before you quote me, bear in mind that i'm not tribalistic, this is channelled at all Nigerians..
no vehicle maker in this world produces all the parts or components. They always source some from other companies.

2 Likes

Re: Innoson Motors Stops Production, Sack Of Workers Imminent Over Dollars Scarcity by celestialAgent(m): 11:17pm On Aug 31, 2016
Reference:


Just shut it. You need real production abi. How many car manufacturers source compone gs from their countries entirely. Even manufacturing giant China sources the bulk of its vehicle engines abroad. Do it for several years and you transfer technology. Innoson is just ten years old and you don't expect them to be producing entirely onshore. It is not his fault that Nigeria has no steel plant, no petrochemical plant and no machine tools manufacturers.

What the government should be doing is to mandate the CBN to prioritise the sale of forex to industries that compliment its strategic developmental objectives and keep a hawkeye thst such funds are not diverted. Apart from petrochemicals and energy, I cannot see what else should get forex before heavy industry of which vehicle assembly is one.

At the bolded, Is that really necessary? One of the many reasons while Nigeria is still so backward.

Onto the main issue, I'm sure you will agree with me that the essence of a country producing is to reduce her foreign dependency and further augument her export proceedes. I doubt if this is the case with Innoson.

Innoson is known to be a company that produce cars apparently for local use -- not for once have i heard that innoson export any product. Now tell me of what relevance will innoson activities be if 90% of her car gadgets are imported from a foreign company?

How can the so called local products financially benefit the local citizens if the company does not export to gain forex but instead purchase forex for car parts importation? How cheap can such product be? What different does if make to buy directly from they company from abroad?


Regarding the priotization of forex sale, i dissent with that. Although it seem relevant to some extent, it is however now the best option at this time. In my opinion, i think the company should consider production of basic car part (if not engines) from the locally available raw materials to export to earn forex for the company to ease the tension on the insufficient forex we get from oil.

1 Like

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