Market News

Kansai Plascon acquires Sadolin Paints Kenya in a deal worth over $100m
Kansai Plascon acquires Sadolin Paints Kenya in a deal worth over $100m
12 September 2017

 Kansai Paint is a global company with major operations in Japan, China, Asia, the Middle East, Europe and Africa. Its product offering covers the decorative, industrial, protective coatings and automotive segment. It has research and development facilities in Japan, India and South Africa. &n . . .

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VW SA mobilises team to drive sales elsewhere in Africa
VW SA mobilises team to drive sales elsewhere in Africa
12 September 2017

 Thomas Schaefer, the chairman and managing director of Volkswagen Group South Africa, said a team was established last month that would go from country to country to assess opportunities.   The establishment of the team follows Volkswagen South Africa earlier this year assuming responsi . . .

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Simba Corp to acquire full control of vehicle assembler
Simba Corp to acquire full control of vehicle assembler
12 September 2017

 Simba Corporation is set to take full ownership of Mombasa-based Associated Vehicle Assemblers (AVA) after it received regulatory approval to acquire the stake held by Marshalls East Africa.   The AVA is currently owned on a 50/50 basis by Simba and Marshalls.   In a press statem . . .

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Market competition for commercial vehicles intensifies
Market competition for commercial vehicles intensifies
12 September 2017

 Rising urbanisation is encouraging unprecedented infrastructural developments in Africa, especially across the construction and oil and gas sectors. Frost and Sullivan report that this is strengthening the regional market for commercial vehicles (CVs) like rigid trucks and flatbed trailers. . . .

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New Jaguar models to be electric in 2020
New Jaguar models to be electric in 2020
12 September 2017

 The carmaker said that the first of the new models would be a fully electric vehicle, the Jaguar I-Pace, to go on sale in 2018.   JLR chief executive Ralf Speth said the move was aimed at “giving customers even more choice”.   The firm, Britain’s biggest carmake . . .

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