Kia and Dana Motors officials sign agreement

Kia and Dana Motors officials sign agreement

Local distributor Dana Motors has reached an agreement with Kia Motors Corporation (KMC) South Korea for the construction of an assembly plant in Nigeria. At present, Dana Motors is the only distributor of KIA Motors in the country.

Dana Motors intends to add the plant as part of its support for the Auto Policy that is a part of the agenda of President Goodluck Jonathan's Nigeria Industrial Revolution Plan and the National Enterprise Development programme.

Dana Motors MD/CEO, Jacky Hathiramani, said, "Dana Motors aims to surpass customers expectations and with the growing population of KIA cars across Nigeria there is a need to better support for maintenance by upgrading facility and investing in people thereby creating jobs, increasing skills and ultimately producing cost effective vehicles and also to promote the development of the automobile sector and drive the components parts requirement of international standard at competitive prices."

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Dana Motors Limited, the sole distributors of KIA Motors in Nigeria, today signed an agreement with KIA Motors Corporation (KMC) South Korea to set up an assembly plant in Nigeria.

 

Dana Motors in showing its commitment to the development of the Auto policy in Nigeria had identified that, it will only be possible with a well equipped world class facility, in which KIA Motors Corporation (KMC) will provide the technical know-how for plant, machinery and assembly of the vehicles, restructuring its existing short term obligation to align with investment done in long term assets.

 

The Auto policy forms part of the agenda of President Goodluck Jonathan’s Nigeria Industrial Revolution Plan and the National Enterprise Development programme. The President’s plan is commendable and fully supported by Dana Motors and KIA, as it is setting the stage for a new era of industrial, Micro, Small and Medium Enterprises development in the country intended to transform the nation’s industrial landscape, leading to an increase in skills development, job creation and conserve foreign exchange.

 

The Auto Policy, which has been promoted by the Ministry of trade and investment under the leadership of Dr. Olusegun Aganga, will accordingly fast-track industrialization, accelerate inclusive economic growth, transform Nigeria’s business environment stopping the drain foreign reserves by importing and start production and assembly locally.

 

Dana Management team led by Mr. Jacky Hathiramani (MD/CEO) and KMC official Mr. Homer Kim leading the delegation of officials from South Korea were present at the ceremony to sign the document in the presence of Director of policy and planning Luqman Mamudu for the National Automotive Council (NAC) representing the DG.

 

The Director NAC, commended Dana Motors for taking a bold step to establish a Motor vehicle assembly plant which will create significant good quality employment and a wide range of technologically advanced manufacturing opportunities. Dana Motors CEO in his response said that Dana Motors aims to set an example for others to follow, with state of the art systems, technology and logistics applied to the assembly plant. He further communicated that the project has been planned to have minimal adverse effect on the health and safety of the workers.

 

 

“Dana Motors aims to surpass customers expectations and with the growing population of KIA cars across Nigeria there is a need to better support for maintenance by upgrading facility and investing in people thereby creating jobs, increasing skills and ultimately producing cost effective vehicles and also to promote the development of the automobile sector and drive the components parts requirement of international standard at competitive prices” concluded Mr. Hathiramani.

For enquiries or more information, email info@kiamotorsnigeria.com

Original source: Kia Motors Nigeria