TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

NAACAM seeks partnership with Nigerian automakers

The Citizen by The Citizen
February 14 2017
in Business, Uncategorized
A A
0

Component manufacturers from the National Association of Automotive Components and Allied Manufacturers of South Africa (NAACAM) last week reaffirmed their determination to support automotive manufacturing in Africa with initial focus on Nigeria, Kenya, Algeria and Ethiopia.

NAACAM envoys who were in Nigerian cities of Abuja and Lagos to discuss industry and trade matters with principal directors at the National Automotive Design and Development Council (NADDC) and other stakeholders said component manufacturers in South Africa are eager to come and invest in Nigeria’s nascent automotive industry.

Shatterprufe Managing Director and President, NAACAM Dave Coffey who led the four-man delegation said: “We see a journey taking place in the country’s automotive programme and we’ve got a number of component manufacturers working under the banner of African Association of Automotive Manufacturers (AAAM) willing to come to Nigeria to partner and invest.”

He described their visit as an extension of the August 2016 Jeff Nemeth-led AAAM appointment with President Muhammadu Buhari and top government functionaries and relevant agencies including representatives of the National Automotive Manufacturers Association (NAMA).

Outside South Africa, which has a well-developed world-class automotive industry, Nigeria is recognized as a strategic market over the long term due to its demographics even though certain indices haven’t yet been remedied.

Shaterprufe director who feels strongly about these indices said new vehicle volume can only grow if there is an affordable solution and this does not only repose in the manufacturing of reasonably priced vehicles but also in creating access to attractive vehicle finance whilst managing and constraining the importation of secondhand vehicles in a balanced and appropriate manner.

“Our ultimate objective is to grow with the Nigerian market and essentially work out the right economies of scale and technology to get the industry where it deserves to be. We are not here just to trade but to explore other suppliers and partner with producers with current equipment.” Coffey said.

Also adding that component manufacturing is a fundamental subsidiary of automotive manufacturing, Mr. Coffey said: “As component manufacturers, we don’t have to wait for legislation to register our presence in a country with huge potential as Nigeria, hence the reason why we think the time to enter this market is now and we are here to partner local manufacturers, add value, supply the local aftermarket needs and position ourselves to support the growth of new vehicle production.”

He said the biggest multiplier effect of automotive manufacturing comes with component manufacturing, saying “the more you localize the higher the number of jobs created, and the deeper you go downstream, the more jobs you create.”

Citing a windscreen manufacturing concern for example, Mr. Coffey conjectured that for every 200, 000 windscreens produced, no fewer than 150 to 200 workers are employed and in the shocks absorber and struts factory, about 250 people are hired when approximately, one million shocks are produced annually.

Other NAACAM delegates present at the meetings are Gabriel South Africa Engineering Manager, Roux Coetzee, Caravelle Automotive Carpets General Manager, Kobus Oosthuysen and Cool Refrigeration Parts producer, Michael Frankenfeld.

A subsidiary of the PG Group, Shatterprufe is South African based glass and armored-plate manufacturers since 1935, while Caravelle Automotive Carpets is a member of the KAP Automotive (Pty) Ltd. that specializes in the manufacture of interior trims as well as overlay car carpets, using fine gauge nylon tufted and high quality polyester.

However, Cape Town based Gabriel Tore Parts and Components manufactures branded shock absorbers, MacPherson Struts, strut cartridges and Gabriel patented gas springs just as Cool Refrigeration Parts is renowned in transport refrigeration.

 

Previous Post

Lagos govt approves fare hike for BRT, LAGBUS, BFS services

Next Post

First Bank itemizes sustainability efforts in corporate citizenship

Related Posts

Power outages: NERC orders compensation for Band-A customers
Business

Power outages: NERC orders compensation for Band-A customers

June 5 2026
Sahara Group advances energy access in Africa with $50,000 Asharami M.A.D Equation
Business

Sahara Group advances energy access in Africa with $50,000 Asharami M.A.D Equation

June 4 2026
Egbin Power fuels performance culture, honours outstanding employees, talents at ERA 2026
Business

Egbin Power fuels performance culture, honours outstanding employees, talents at ERA 2026

June 3 2026
Private sector faults N100,000 minimum wage proposal
Business

Private sector faults N100,000 minimum wage proposal

June 3 2026
FG, Discos to sign fresh performance agreement on power
Business

Discos earn N600bn in three months despite blackouts

June 3 2026
Food prices record month-on-month increases
Business

Food prices record month-on-month increases

June 2 2026
Next Post

First Bank itemizes sustainability efforts in corporate citizenship

Angola overtakes Nigeria as Africa’s top oil producer

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

IPOB hails observance of Biafra Heroes Remembrance Day

IPOB hails observance of Biafra Heroes Remembrance Day

by The Editor
May 31 2026
0

...

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

Alaafin urges FG to strengthen native intelligence after Oyo school attacks

by The Editor
May 17 2026
0

...

APPOINTMENTS

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

Botswana appoints Nigerian Adesina as Chair of Diamonds for Development Fund

Botswana appoints Nigerian Adesina as Chair of Diamonds for Development Fund

by The Editor
June 3 2026
0

...

Elumelu joins Seplat board after $496m share acquisition

Elumelu joins Seplat board after $496m share acquisition

by The Editor
May 21 2026
0

...

Tinubu appoints 39-year-old Prof as new JAMB registrar

Tinubu appoints 39-year-old Prof as new JAMB registrar

by The Editor
May 21 2026
0

...

ODDITIES

Court remands Anambra native doctor over security law violation

Court remands Anambra native doctor over security law violation

by The Editor
June 4 2026
0

Two men in police net for defiling four underage siblings

Eight men gang rape 16-year-old girl in Anambra

by The Editor
June 4 2026
0

Man dies after torture by So-Safe officers in Ogun

Man dies after torture by So-Safe officers in Ogun

by The Editor
June 2 2026
0

GLOBAL NEWS

Iran dismisses idea of Trump meeting supreme leader

Iran dismisses idea of Trump meeting supreme leader

by The Editor
June 5 2026
0

...

UN raises concern over renewed xenophobic attacks in South Africa

FG to repatriate over 1,000 Nigerians from South Africa

by The Editor
June 5 2026
0

...

Iran hits US Fifth Fleet HQ, airbase after violations near Strait of Hormuz

Iran hits US Fifth Fleet HQ, airbase after violations near Strait of Hormuz

by The Editor
June 3 2026
0

...

Kuwait suspends flights after Iran strikes airport

Kuwait suspends flights after Iran strikes airport

by The Editor
June 3 2026
0

...

Protesting teachers in Mexico topple player statues days before World Cup

Protesting teachers in Mexico topple player statues days before World Cup

by The Editor
June 3 2026
0

...

State of the States

Abia launches bid for UNESCO Creative City Status for Aba, plans 1929 Women Riot honour

Abia launches bid for UNESCO Creative City Status for Aba, plans 1929 Women Riot honour

by The Editor
June 3 2026
0

...

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Gov. Adeleke mobilises hunters, security forces to protect Osun schools, communities

by The Editor
June 2 2026
0

...

Hoodlums attack Soludo’s Chief of Staff convoy, kill two policemen

Hoodlums attack Soludo’s Chief of Staff convoy, kill two policemen

by The Editor
June 1 2026
0

...

Amotekun Corps loses 200 operatives in battle against insecurity in Oyo

Amotekun Corps loses 200 operatives in battle against insecurity in Oyo

by The Editor
June 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
EFCC decries murder of officer, labels suspect as armed Internet fraudster

Escaped cybercrime suspect dies after gun battle with EFCC operatives

June 6 2026
2027: Donald Duke emerges PRP presidential candidate

2027: Donald Duke emerges PRP presidential candidate

June 6 2026
Enugu East endorses Tinubu, Mbah for 2027 elections, donates N300m

Enugu East endorses Tinubu, Mbah for 2027 elections, donates N300m

June 6 2026
Kidnappers of ex-army general release video, demand livestock, members’ release

Kidnappers of ex-army general release video, demand livestock, members’ release

June 6 2026

EDITORIAL REVIEW

Bandits attack mosque, kill 1, abduct 9 in Kaduna

Beyond Fulani militants’ menace – Punch

by The Editor
June 5 2026
0

Cooking gas price hike deepens Nigerians’ woes – Punch

Cooking gas price hike deepens Nigerians’ woes – Punch

by The Editor
June 3 2026
0

Nigeria’s obscene money politics – Punch

Nigeria’s obscene money politics – Punch

by The Editor
June 2 2026
0

The $498.8m fund to fight Ebola – Vanguard

The $498.8m fund to fight Ebola – Vanguard

by The Editor
June 1 2026
0

Tinubu denies Christian, Muslim genocide in Nigeria

Three years of Tinubu reforms – Punch

by The Editor
June 1 2026
0

Opinion

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 2026
0

...

School attacks and the death of ethics

School attacks and the death of ethics

by The Editor
May 22 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.