₦airaland Forum

[size=15pt]Yamaha begins manufacturing in Nigeria[/size]

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Abigail Phillips Abigail Phillips - Leadership

Yamaha Motor Co has announced that it will begin manufacturing in Nigeria, Africa as part of a joint agreement with CFAO S.A. According to reports, the factory will officially open its doors in mid-2015.

The new company to be known as CFAO Yamaha Motor Nigeria Ltd. (CYMNG), and Yamaha Motor and CFAO (a French company, specialized in distribution of major international brands in Africa in the Toyota Tsusho Group) are to make equal investment contributions toward a start-up capital of $1 million.

The new CYMNG factory will cover an area of 2,790 square meters will be built in Lagos, Nigeria’s largest city. Scheduled to commence operation in summer 2015, the factory has a production target of 70,000 motorcycles by 2018.

In 1980, Yamaha Motor established a motorcycle factory in Nigeria that carried out manufacture and sale of motorcycles, however in 2005 the company pulled out of production due to a decline in the market - ever since Yamaha has been selling motorcycles imported from Japan or India through local dealerships. This joint venture represents Yamaha Motor’s second foray into the Nigerian market.

The population of Nigeria is currently 170 million, and explosive growth in the population and economy has contributed to heightened demand for motorcycles in the region. Demand is expected to skyrocket even further, due to the fact that motorcycles are fast taking over taxis as the number one form of transportation.

http://www.manufacturingglobal.com/leadership/284/Yamaha-begins-manufacturing-in-Nigeria

A good step in the right direction. The products will come cheap for the ordinary nigerian economically.

good

Eko o ni baje.
Southwest o ni jo na o.
They knew by mid 2015, security challenges will be over as BUAHRI will be president by then.

Good development. More jobs created.

Very nice. Shld creat jobs and also reduce the cost of the products.

moneybag100:
Eko o ni baje.
Southwest o ni jo na o.
They knew by mid 2015, security challenges will be over as BUAHRI will be president by then.

must we politicise everything? haba

Nice one

nice

nice

Good development

Good News

SAI BUHARI

Very good indeed, more employment opportunities in the horizon.

na akpwu dem dey manufacture?

Gej!

.GEJ brought Trains. Yamaha brought bikes...
poverty,people in Cgains, we can't even
afford fuel price
Corruption low b4,Otueke man carry am reach
Thrice
Nigeria looking gloom,Shoe less man saying 5 more years ,it will only happen if dem give Grammy to 9ice..
Nigerians no be MUGu,my pple Vote Wise !!!!
APC !!" Change !!! SaiBuhari saiOsinbanjo ..GMB2015

This news won't go down well with the "Entrepreneurs" and "Engineers" in Nnewi, Anambra state.

where them wan drive am? wen almost every state government is banning the use of motor cycle

nice one

*modified* I no even read the post ...I sha know say na good thing dy dere

Nice

Nice one. A gud news indeed, atleast some Nigerians will still be employ

Begins, will begin, has begun all mean different things. Title is misleading.

Good development

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More like 80% Okada production, and 20% power bike production.


In a country where okada men are threatened by every level of govt.


Producing okada when its commercial usage is banned...

Abi na 70000 power bikes ni?


Misplaced priority.

GEJ TILL.....

And the topic reads yamaha begins manufacturing in naija.


Come! These Nairaland mods should edit topics properly before carrying them to the front page. What is dis.


I just dey vex now.

we must ensure that Nigeria gets jobs and other benefits from this

MajeMedia:
[size=15pt]Yamaha begins manufacturing in Nigeria[/size]




http://www.manufacturingglobal.com/leadership/284/Yamaha-begins-manufacturing-in-Nigeria

$

Owk

stal:
Good development. More jobs created.

Where are the jobs.