Saturday, 30 May 2015

CFAO to roll out Nigerian motorbikes in Sept

All is set for the CFAO Group to produce its first
of Yamaha brand of motorcycles in Nigeria in
conjunction with its technical partner, Yamaha
Motor Corporation of Japan, as it has fixed
September 2015 as the rollout date.
According to The Punch, the two companies had in April this year jointly
incorporated a company named CFAO Yamaha
Motor Nigeria Limited to assemble Yamaha
motorcycles in Nigeria.
The assembly plant located on the premises of the
CFAO within the Amuwo Odofin industrial zone in
Lagos is said to have a production target of
70,000 Yamaha motorcycles by 2018.
The incorporation of the company was achieved
less than four months after a joint venture
agreement was signed by the two firms with the
objective of contributing to the development of the
country’s transportation industry.
A statement by the CFAO obtained on Tuesday
confirmed the development, adding that “as a
result of this incorporation, CFAO Yamaha Motor
Nigeria Limited is now set to fix its factory
equipment; test-run the assembly process and
appoint several dealers in preparation for the first
roll out of brand new Yamaha motorcycles with
effect from September this year.”
It quoted the pioneering Managing Director of the
new company, Mr. Olivier Levigne, as expressing
confidence that Nigerians and the country at large
would enjoy the benefits that Yamaha motorcycles
would bring especially with quality assured local
assembly line and a wide distribution network
Levigne, coming with decades of experience in
automobile brands such as Peugeot, Chevrolet
and Mitsubishi in Nigeria, said his team would
include a couple of Japanese experts from the
YMC of Japan.
“The new company will take advantage of the
manufacturing and marketing expertise of Yamaha
Motor Corporation, Japan, the CFAO’s business
experience and vast distribution network in
Nigeria spanning over 113 years,” the statement
It also said the company would introduce other
Yamaha products such as outboard engines,
water vehicles, all-terrain vehicles, power
generators and water pumps.
Levigne said that the management of the CFAO
Yamaha Motor Nigeria was ready to admit more
dealers for its marine products, motorcycles,
power generators and spare parts, just as it would
empower authorised workshops and professionally
trained mechanics for the task ahead.
The statement described the CFAO as a front-
ranking specialised distributor and preferred
partner of major international brands, serving the
high-potential equipment, healthcare and
consumer goods markets in Africa and the French
overseas territories.
The firm, it noted, has operations in 37 countries,
including 34 in Africa, and seven French overseas
territories, adding, the “CFAO is a 97.8 per cent-
owned subsidiary of TTC (Japan).”
It also said Yamaha Motor’s diverse business and
wide variety of products had been built around its
proprietary technologies focused on small
engines, fibre glass-reinforced plastics and
electronic control.


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