Market News
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Over 20 Automakers To Set Up Local Assembly Plants In Nigeria
Posted on :Monday , 8th September 2014
VENTURES AFRICA – The fruits of Nigeria’s Automotive policy continues to grow as the country’s National Automotive Council (NAC) on the implementation revealed that 21 Auto companies have signed commitments with technical partners to set up local assembly operations.
The report gave the product lines as; Five Cars and Sport Utility Vehicles (. . .
Hyundai Targets Greater South African Market Share With New Plant
Posted on :Monday , 8th September 2014
VENTURES AFRICA – South Korea’s Hyundai Motor Company, through its subsidiary, Hyundai Automotive South Africa has opened a new plant in Benoni, Guateng, as it looks to consolidate its position in a very competitive industry.
The automobile company is competing with the likes of General Motors and Toyota for a share of the country’s automobile mark. . .
German automotive firm eyes East Africa market
Posted on :Saturday , 6th September 2014
German automotive firm Bosch on Thursday announced it has entered the East African market.
The firm's MD of Southern Africa Steffen Hoffman told journalists in Nairobi that it will invest over 250,000 Euros in their business venture in Kenya.
"We want to tap into the motor industry that has been growing rapidly in the past decade as a result of. . .
Hyundai to assemble delivery vans in SA
Posted on :Saturday , 6th September 2014
SOUTH Korean car manufacturer Hyundai is preparing to build vehicles in South Africa.
The Seoul-based company’s local representative has confirmed it will assemble light delivery vehicles in Gauteng from next year and may manufacture cars in South Africa at a later stage.Despite not officially releasing sales figures, Hyundai is. . .
South Africa: Gearbox oil launched
Posted on :Saturday , 6th September 2014
Petroleum products refining company Engen announced in July that it had launched its Gengear XEP-series indus- trial gearbox oils for high performance under pressure applications onto the local market.
After the recent introduction of the energy-saving hydraulic fluid Hydrokin ESF-series at customer events in Cape Town, Port Elizabeth, Durban and Johannesburg, Gengear XEP customer int. . .Please Select an Option
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