Dangote Industries Limited is in a joint venture with Sinotruck and set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.
The joint venture, which is 65 percent owned by Dangote and 35 percent by Sinotruck will assemble components and knocked down parts imported from Sinotruck to the Nigerian plant. It aims to meet the expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country.
The Group also has business with Transit Support Services (TSS) Limited, the assemblers of Shacman truck in Nigeria.
The trucks will be used for diverse onshore and offshore operations in the country. Dangote Industries Limited is 90 percent the principal fleet customer for the Shacman range of trucks. The trucks are assembled inside the Anambra Motor Manufacturing Company (ANAMMCO) automotive assembly plant in Emene, Enugu. The total value of the investment is worth over N60 Billion.