Subscribe to read. GCC plastic manufacturers look to new markets including Africa. Amid intensifying global and regional competition, GCC plastics producers are turning to new frontier markets including in Africa.
At least 2 million new polyethylene (PE) and polypropylene (PP) capacity will be brought online in the Middle East by 2020, said Muhamad Fadhil, the head of Middle East markets at ICIS, a petrochemical market firm. But with a change in market dynamics, this could lead to an oversupply before the end of the decade. Sumitomo Electric to establish 2nd factory in Egypt worth of EGP200m. Japanese company Sumitomo Electric Industries will invest in Egypt through establishing a factory in 6th of October City with a total investment of EGP 200m.
The factory will specialise in producing wire cables systems, according to a statement from the Ministry of Industry and Trade on Wednesday. The factory would produce electric braids, as part of the company’s plans to expand its investments in the Egyptian market. The statement said that the factory will create almost 1,000 jobs, and will start operating within three months. Minister of Industry and Trade Tarek Kabil said during a meeting with COO of Sumitomo Europe Kevin Phillips that the company’s decision to invest in Egypt was a fast, positive reaction to the ministry’s commitment to the successful governmental programme of supporting exports announced in April. The programme provides 50% more subsidies for any company that increases its exports by 25% in the engineering, chemical, food, and textile industries. Tanzania: Japan to Help Establish Car Factories.
By Marc Nkwame JAPAN, the country commanding the largest share of motor vehicles populating the entire globe, is committing itself to assist Tanzania and the other East African Countries to start manufacturing cars locally.
The Deputy Head of Japan International Cooperation Agency (JICA) in Tanzania, Mr Kuniaki Amatsu, reaffirmed his country's commitment to support the East African Community's integration process but especially in the area of automotive industry development. Envoy Amatsu, who visited the East African Community Secretariat in Arusha, reiterated Japan's readiness to continue close cooperation with the six-state regional bloc through the Japan International Cooperation Agency. "This exercise and the overall study is therefore crucial as it is intended to inform the EAC and potential private sector investors on policy options and modalities that should be adopted to drive automotive industry to the next level," he said.
Algérie : une entreprise émiratie va développer une aciérie dans le nord du pays pour 1,6 milliard de dollars. Par Jeune Afrique - avec Reuters.
Kia compte installer une usine en Algérie. Kenya : Kenyan firms embrace Japanese Kaizen philosophy - The Standard. NAIROBI, KENYA; Kenyan businesses are quickly adopting the Japanese concept of Kaizen to improve local productivity and quality services, according to Kenyan and Japanese officials.
Kaizen is a Japanese philosophy, which refers to continuous improvement of productivity and quality based on a participatory process involving the entire workforce. In September last year, with the support of JICA, the Kenyan government launched a training program aimed at empowering local Small Medium-sized Enterprises (SMEs) using Japan’s experience accumulated from the rapid economic growth of the giant Asian economy.
Addressing participants of a one-day seminar in Nairobi, Dr. Chris Kiptoo, Kenya’s Principal Secretary, State Department of Trade, Ministry of Industry, Trade and Cooperatives said most local small businesses lacked the efficiency and competitiveness necessary for growth. Rwanda: Indian Investors to Inject U.S$1 Million in Manufacturing Sector. By Collins Mwai Local manufacturing sector is set to get a boost following a $1 million (about Rwf785 million) investment commitment by an Indian-based firm seeking to produce laundry and detergent products in the country.
Aroma International is involved in the production of soaps and detergents and will soon venture into oil mills. The firm, which has been exporting products to East Africa for about 30 years now, says it plans to produce for local consumption with possibilities of exporting surplus production. In an interview Tuesday, Uday Mahajan, one of the directors of the firm, told The New Times that after assessing the Rwandan market, they had found it viable for investment and an ideal entry point into the region. Japan helps Angola restore textile and apparel sector. Japanese international trading house Marubeni Corp has teamed up with US based clothing and textile management consultants Werner International in rehabilitating a textiles factory in Angola to produce denim and knitwear products.
The move is part of a long-term plan by the Angolan government to restore its clothing and textile sector, which was severely damaged by the country's civil war, which lasted from 1975 to 2002. Angola wants to diversify its economy away from oil. Government figures for 2015 said oil accounted for more than 95% of export earnings and 52% of government revenues, making Angola vulnerable to the fall in global oil prices over the past 18 months. The financial squeeze has also prompted the Angolan government to open talks with the International Monetary Fund (IMF), which it wants to help finance an economic growth programme.
Marubeni and Werner International's work dovetails with this strategy. UAE truck bodybuilders eye African markets. An oilfield shale shaker trailer, built by Mammut Industries.
Oil-producing markets in Africa have been hard hit by low crude prices, the company says. Pricol eyes Africa to ride two-wheeler wave. New plant in Nigeria likely by 2020 as part of global strategy Mention Africa to Vikram Mohan and his eyes light up.
“I would not be surprised if I set up a facility in Nigeria even before 2020 to cater to the two-wheeler market,” says the Managing Director of Pricol. It was less than a couple of months ago when Mohan made known the auto component maker’s new global roadmap that included setting up operations in Vietnam and Mexico as part of Vision 2020. “The next big growth driver for Pricol will be Africa since its two-wheeler market will see explosive growth,” says Mohan. Changing roadmap. Mahindra to ship its heavy, commercial trucks to Africa over next 18 months. Utility vehicles major Mahindra is planning to ship its heavy and commercial vehicles to Africa over the next 18 months, a top company executive said on Wednesday.
"About 10% of vehicles which we are selling, including light commercial vehicles (LCVs), are exported. We will perhaps go to some parts of Africa in the coming 18 months. We may begin shipment with our latest heavy truck model Blazo and other LCVs," Chief Executive Officer of Mahindra Truck and Bus Division, Nalin Mehta said. However, Mehta did not provide more details about the plans. Namibia Confirms North Korean-Built Arms and Ammunition Factory. GABORONE, Botswana — The Namibian government has confirmed that North Korea built an arms and ammunition factory in the African country and is in the process of executing other contracts for the construction of the country's first military academy, military barracks and a new headquarters for the Ministry of Defense (MoD). The confirmation came a week after the government refuted the recent United Nations Panel of Experts (PoE), which found that Pyongyang has continuously violated UN Security Council sanctions imposed to protest its nuclear weapons program by providing military weapons, training and embarking on military-related construction projects in African countries, including Uganda and Namibia.
The arms and ammunition factory was completed in 2005, although the company continued doing business in Namibia until early last year. Email: firstname.lastname@example.org. Australian firm to set up cocoa processing plant in Cameroon. Business News of Wednesday, 16 March 2016 Source: APA Cocoa beans The Australian company, Atlantic Group, plans to build a cocoa bean processing unit in the southern Cameroonian town of Kribi, reliable sources disclosed on Monday. The information was revealed in a call for expression of interest published on March 14, 2016, which invites companies to bid for the implementation of this project initiated by Atlantic Cocoa Corporation (ACC), a local subsidiary of Atlantic Group. Cameroun: le groupe indo-chinois CAIS obtient 15 ha de terrain pour son projet automobile. La concession a été officiellement faite jeudi par le DG de la Magzi en présence du ministre de l’Industrie Le projet de construction et d’assemblage de véhicules au Cameroun fait ses petits pas.
La Cameroon automobile industry company S.A (CAIS), groupe indochinois porteur de ce projet, a obtenu formellement ce jeudi, 10 mars, 15ha de terrain, concédés par la Mission de développement et d’aménagement des zones industrielles (Magzi). La cérémonie y relative a été organisée à Yaoundé par le ministre des Mines, de l’Industrie et du Développement Technologique Ernest Ngoua Boubou, en présence du directeur général de la Magzi, Christol Georges Manon, et des représentants du groupe CAIS. Africa: North Korea Builds Munitions Factory in Namibia. By Tileni Mongudhi Namibia's dealings with the Democratic People's Republic of Korea (North Korea) have been found to be in contravention of United Nations sanctions imposed on that country. The contravention includes the building of an armament factory. L'Inde entend développer l'industrie automobile en Tunisie.
Isuzu aims for No1 status in Africa. THE success of Japanese truck manufacturer Isuzu in SA was a critical step in its goal to become the top brand in Africa, Isuzu Truck SA chief operating officer Craig Uren said on Wednesday. He said last year was the best in the company’s nine-year history in SA: 4,500 sales gave it a 14.9% market share and further entrenched it as a major player. Isuzu is a partner domestically with General Motors SA. Longer term, said Mr Uren, Isuzu Trucks’ aim was to be "the number one player in Africa". As well as SA, the brand had assembly facilities in Kenya and Egypt. "Africa is a huge market opportunity," Mr Uren said. "Around the world, Isuzu does well, but Africa needs a lot more work to entrench the product," he said. It sold more than 20,000 new trucks into Africa last year.
Coopération : Le premier camion de Hyundai en Algérie en avril. L’unité, une filiale, assurera le montage de «l’ensemble de la gamme de camions de la marque Hyundai, ainsi que des bus urbains et interurbains », a-t-il ajouté. L’usine qui assurera, dans une première phase, l’assemblage de pièces importées, «fera progressivement appel à des entreprises algériennes de sous-traitance afin de porter, d’ici à 5 ans, le taux d’intégration à plus de 40 %», a souligné M. Japanese Firms Plan To Make Nigeria Export hub for Vehicles.
Japanese companies have said they are targeting to export vehicles from Nigeria to other West African countries. To achieve this, the firm say they are setting up assembly plants in the country in order to achieve full-scale vehicle production. This is coming on the heels of Isuzu Motors Limited and Koncept Autocentre Limited’s announcement of plans to start truck assembly in the country in the second quarter of 2016. It is also coming at a time when CFAO Yamaha Motors Nigeria Limited has begun local motorcycles assembly. Mr Taku Miyazaki, Trade Commissioner and Managing Director, Japan External Trade Organisation (JETRO), disclosed this in Lagos. Israelis to participate in South Sudan mega dairy project - Business & Innovation. Tel Aviv-based firm, AlefBet Planners Ltd., will be conducting the planning and design work for a $600 million dairy farming enterprise being developed by Indian entrepreneurs in South Sudan.
The executives of AlefBet say the design work will require a wide range of complex infrastructural solutions. The project is expected to include five dairy farms, each of which will contain some 2,000 cows and adjacent milking parlors, making the facility one of the largest of its kind on the African continent, according to AlefBet. Some of the required infrastructural plans will include establishing a clean water supply, providing a reliable and continuous power source and supplying proper cooling systems for the barns in a hot weather climate, explained Daphna Regev, director of business development and management.
Kobi Bogin, CEO of AlefBet, stressed that in countries that have adopted the Israeli dairy farming model, parlors have experience a more than twofold jump in milk product. Panasonic opens manufacturing base in Lagos, partners SIMS for distribution. Nigeria: Huawei to Partner Nigerian Manufacturers On Reliable Power Supply. Nigeria: Panasonic to Establish Assembly Plant in Nigeria. Samsung unveils Smart Signage TV for Nigerian SMEs – Daily Times Nigeria Newspaper. Index1. Egypt: Agreement With UAE Company to Establish Industrial Zone. Anchor introduces fortified milk drink in Ethiopia - new Business Ethiopia (nBE)
Anchor, New Zealand’s milk brand, introduced fortified milk drink in Ethiopia. Made from the goodness of New Zealand milk, the product contains more than 30 essential nutrients in just one glass of milk, the organization said. Anchor’s Fortified Milk Drink has been specifically formulated by NZ Milk Products to provide Ethiopian children with affordable high quality dairy nutrition so they can live a healthier and more active lifestyle for a better future. NZ Milk Products General Manager of Ethiopia Zeco Kassim said that every day Anchor provides millions of children around the world with high quality dairy nutrition, and NZ Milk Products is proud to bring Anchor to Ethiopia for the first time. “Malnutrition and micronutrients deficiency is a global problem and children unfortunately are not getting the right level of nutrition in their daily diet.
Le géant de la fibre optique Furukawa Electric va ouvrir une usine à Tanger. Le groupe japonais Furukawa Electric envisage de lancer "prochainement", à Tanger, une usine d'assemblage de fibre optique dédiée aux opérateurs télécoms, rapporte mercredi l'agence helvétique ECOFIN. Le futur projet devrait être une première en son genre pour cette entreprise nippone de référence à l'échelle du continent africain, souligne-t-on de même source. Furukawa va proposer les câbles assemblés aux sociétés de télécommunications basées en Afrique et en Europe tout en s'orientant petit à petit vers la production des connecteurs.
Sammitr eyes African move. Japanese group Marubeni to build methanol plant in Gabon. (Agence Ecofin) - According to a communiqué issued by Etienne Dieudonné Ngoubou, minister for Oil and Gas, and released yesterday, the Republic of Gabon and the Japanese group Marubeni signed on 6th July 2015 in Libreville a memorandum of understanding to carry out a feasibility study in Gabon for a methanol plant project. Though the details in relation to the construction of this plant have not yet been revealed, “this project is set within the framework of the reduction of greenhouse gases and the promotion of oil resources”, indicated the communiqué. The methanol, a chemical manufactured from natural gas will be used domestic products such as synthetic perfumes, varnish and many other by-products. Honda Begins Production of Accord Sedans in Nigeria. Makita, leader des produits électroportatifs, débarque au Cameroun. Export of cotton fabrics to Africa badly hit: TEXPROCIL.
Honda begins export of new Jazz from India to South Africa. Mahindra & Mahindra sets up separate business unit for Africa focus. Samsung Setting Up TV Factory in Zimbabwe. Kia Motors' new assembly plant in Nigeria to make 25,000 vehicles annually. Mozambique: le bahreïni Midal construit une usine d’aluminium pour servir les marchés africains Promoting Industry through "Kaizen" in Ethiopia. Kia Motors Nigeria Unveils Assembly Plant in Lagos. Indofood plans to build noodle factory in Morocco. Toyota to expand Kenya car assembly plant Dubai to process Ghana’s gold, cocoa for export. Japan to Support Nigeria's Auto Development Plan. Keep your hair on: Africa is a billion-dollar business for Indian beauty firms. Tecno to build handset production plant in Ethiopia. Hyundai opens assembly plant in Mozambique.
Samsung claims 75 retail outlets in Nigeria. Ethiopia: Indian Company to Build Textile Industry in Mekele. Samsung Plans $20M TV Factory in South Africa. India in Africa: Tata Motors joins partnership in Algeria. Saudi CPC acquires Egypt's Sphinx Glass for $180 mn. Foton to set up new assembly plant in Lagos. Japan brings kaizen philosophy to Ethiopia. Nigeria: Samsung partners with food delivery service. Samsung debuts TVs built for Africa. Honda opens new motorcycle manufacturing facility in Kenya.
Hyundai vehicle assembly plant inaugurated in Mali. Samsung aims to double African smartphone sales in 2014 - Technology news. Sony plans major African expansion. Abraaj acquires top African frozen dairy business. Japanese company plans to build textile complex in Nacala, Mozambique. Sony Sets $1.4b For African Electronic Markets. Sony Conference for Africa parades innovation. Technology: Sony unveils expansion plans in Africa. ケニアで新二輪事業会社を設立. Les Coréens débarquent avec une mallette de 5 milliards de F Cfa pour reprendre la Conserverie nationale du Sénégal. Samsung unveils ultra-high definition ‘floating’ TV.
سامسونج تنشأ اول مصنع في مصر Sony launches flagship Xperia Z smartphone in Kenya. L’indien Tata veut faire croitre ses activités africaines de 30% par an. Africa Investor - Ai News. Malaysian Palm Oil Giant to Build Plant In Ethiopia. Samsung bullish on phone manufacturing plant in Nigeria. Japan online car dealer opens Nairobi office - Corporate News. La société Asia-Congo Industries envisage d'investir au Congo quatre milliards de FCfa en 2013. Egyptian-Malaysian Oil Plant Worth $100 Million. Indian ministry to build food processing cluster in Africa - Food Business Review. Malaysian Fashion Retailer to Open in Tripoli. Toyota to invest billions more in South Africa - Economic trends. BiztechAfrica Business, Telecom, Technology & IT News Africa.
Ethiopia to assemble their first smartphone. Olam Côte d'Ivoire - Inauguration February 2012 (PubliReportage)