{"id":19229,"date":"2017-11-17T12:10:00","date_gmt":"2017-11-17T11:10:00","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=19229"},"modified":"2017-11-17T12:11:42","modified_gmt":"2017-11-17T11:11:42","slug":"cfao-marks-new-milestone-commissions-fuso-assembly-plant-lagos","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cfao-marks-new-milestone-commissions-fuso-assembly-plant-lagos\/","title":{"rendered":"CFAO Marks New Milestone, Commissions FUSO Assembly Plant in Lagos"},"content":{"rendered":"<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">The CFAO group, with its subsidiary CFAO Equipment, the sole distributor of the FUSO brand in Nigeria, in conjunction with Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia\u2019s leading commercial vehicle manufacturers, on Thursday commissioned a FUSO assembly plant at its Amuwo-Odofin, Apapa-Oshodi Expressway facility in Lagos.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0The inauguration took place with the special guest of honour, Dr. Okey Enelamah, Honourable Minister of Industry, Trade and Investment, represented by the Director General of the Nigerian Automotive Design and Development Council (NADDC), Mr Jelani Aliyu.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0Also, foreign dignitaries were led by Mr. Ilan Elad, Director International Sales Operations, Daimler Trucks Asia and Mr. Richard Bielle, Chairman and CEO of CFAO Group.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0 Mr. Gbenga Oyebode, Chairman of CFAO Nigeria Plc and Mr. Thomas Pelletier, CFAO Country delegates in Nigeria played host to numerous government functionaries and captains of industry that were present.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">Located in the Amuwo Odofin Industrial Area of Lagos, the plant capacity is expected to ramp up to 500 units a year with the production of the Canter truck, the market leader in its segment.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0The Canter truck has segment advantage in the areas of reliability, ruggedness, low maintenance cost and particularly meets the economic needs and requirements of the Nigerian end users.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0According to CFAO, the Nigerian FUSO plant shares MFTBC\u2019s stringent quality standards and is the second FUSO truck plant in Africa.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">With the commissioning of the plant, CFAO and MFTBC are targeting additional growth in the emerging Nigerian market by leveraging on their strengths, expertise, and efficient network.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">This local assembly plant greatly boosts job creation and local content development as indigenous contractors were extensively engaged from the design to the construction stages of the plant in addition to employment of Nigerian Engineers, Technicians and Interns in acquiring qualitative competency.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\"><span lang=\"FR\">According to Mr.Richard Bielle, Chairman and CEO of CFAO:\u2018The inauguration of this new FUSO plant coincides with the celebration of CFAO\u2019s 115<sup>th<\/sup>\u00a0year in Nigeria. CFAO Nigeria Plc is present in Nigeria across the Mobility, Healthcare and Consumer goods sectors.<\/span><\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\"><span lang=\"FR\">\u00a0This latest investment complements CFAO\u2019s existing production plants \u2013 NIPEN (BIC\u00a9 pens and crates) and Yamaha motorcycles.\u00a0\u2018We are very proud to work alongside our partners in developing the industry and creating employment that are so important to Africa\u2019s future.\u2019\u2019<\/span><\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0 CFAO is a key player in specialised distribution in Africa and in French overseas territories, and a partner of choice for major international brands.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0The Group is a market leader in Automotive and Pharmaceutical distribution, and continues to grow in consumer goods and new technologies. CFAO has a direct presence in 36 African countries and provides a gateway to 53 of the 54 countries that make up the African continent.<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0The Group is also active in seven French overseas territories and in Asia. CFAO employs 15,200 people. In 2017, CFAO generated consolidated revenue of \u20ac 4,228 million. CFAO is a subsidiary of the TTC Group (Japan).<\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0 Based in Kawasaki, Japan, Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is one of Asia\u2019s leading commercial vehicle manufacturers. In 2016, the company sold a total of 130,000 vehicles including light, medium, and heavy-duty trucks and buses under the FUSO brand, with 89.29% of its shares owned by Daimler AG and 10.71% by various Mitsubishi group companies.\u00a0<span lang=\"FR\">MFTBC is an integral part of the Daimler Truck.<\/span><\/p>\n<p class=\"m_-2303956530638919083ydpf5543743MsoNormal\">\u00a0<span lang=\"FR\">FUSO is a Daimler Truck brand, covering nearly all regions around the world including, Asia, Africa, Australia, Latin America, Europe and the Middle East. FUSO\u2019s light-duty to heavy-duty trucks (GVW 3.5\u201349 tons), vans, industrial engines, and buses are sold in more than 170 markets worldwide. The FUSO brand is based on four core brand values- Trusted Quality, Economic Efficiency, Solid and Functional Design, and Committed Services.<\/span><\/p>\n<div class=\"m_-2303956530638919083ydpf5543743MsoNormal\"><span lang=\"FR\">\u00a0Photo Caption\u00a0:<\/span>L-R:Ilan Elad, Director, International Sales Operations, Daimler Trucks, Asia; Fabrice Claire, General Manager, CFAO Equipment;Thomas Pelletier, Country Manager, CFAO Nigeria; Richard Bielle, Chairman and CEO, CFAO Group; Mr Gbenga Oyebode, Chairman, CFAO Nigeria during the official\u00a0commissioning of Fuso Auto Assembly Plant in Lagos\u00a0<span class=\"aBn\"><span class=\"aQJ\">on Thursday<\/span><\/span>.<\/div>\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The CFAO group, with its subsidiary CFAO Equipment, the sole distributor of the FUSO brand in Nigeria, in conjunction with Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia\u2019s leading commercial vehicle manufacturers, on Thursday commissioned a FUSO assembly plant at its Amuwo-Odofin, Apapa-Oshodi Expressway facility in Lagos. \u00a0The inauguration took place with the &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":19231,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[3283,740,575],"coauthors":[2391],"class_list":["post-19229","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-cfao","tag-nse","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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