Opels, Peugeots to be assembled locally

13 March 2018 | Business

OGONE TLHAGE

Walvis Bay will soon welcome Namibia’s first vehicle assembly plant, with French automaker Groupe PSA announcing this week that it will assemble the Opel Grandland X and the Peugeot 3008 there for the southern African market.

The Namibia Development Corporation will take up a 49% stake in the plant.

Assembly will start in the second half of 2018 with an annual targeted volume of 5 000 units by 2020 to meet satisfy the demand in countries belonging to the Southern African Customs Union, Groupe PSA said.

The company’s executive vice-president for the Middle East and Africa, Jean-Christophe Quemard, said the investment was in line with the company’s long-term strategy.

“This investment in Namibia is part of the long-term strategy of Groupe PSA to increase its sales in Africa and the Middle East, consistent with our target to sell one million vehicles in 2025. This new capacity will serve regional markets with products in line with our Opel and Peugeot customer expectation,” said Quemard.

The deputy permanent secretary in the ministry of trade, Michael Humavindu, said the government had been in talks with the French carmaker since December 2015.

“The factory will be located at our !Nara Namib plant. Our stake through NDC will be 49%. Initially we will employ 50 direct jobs whilst indirect jobs will be 200,” said Humavindu.

Two previous plans to set up car assembly plants in Namibia came to naught. Gobabis had been envisaged to become the site of a Romanian-owned Aro 4x4 vehicle assembly plant and a factory to build the locally designed Uri off-roader.

Similar News

 

Another tough half-year for Nictus

1 day - 13 December 2018 | Business

Jo-Maré Duddy – The recession continued eroding the profit of Nictus Holdings in the first six months of its current financial year, but its impact...

Company news in brief

1 day - 13 December 2018 | Business

Anglo expects higher production, lower costsMining group Anglo American Plc expects its production to rise more than previously expected in 2018 and 2021 while costs...

Tough year for mining

2 days ago - 12 December 2018 | Business

While this year has been very challenging for the mining industry, indications are that the uranium market may recover by 2022, which will result in...

Company news in brief

2 days ago - 12 December 2018 | Business

KPMG SA appeals for second chanceThe chairman of KPMG South Africa on Monday appealed for the firm to be seen as a changed business, following...

NTF consults on broiler protection

3 days ago - 11 December 2018 | Business

The chicken industry in Namibia has major room for growth when one considers that Namibians consume 13 kg of chicken per year while in South...

Company news in brief

3 days ago - 11 December 2018 | Business

Eskom: Plan to restructure debt due in 2019South Africa's government is discussing restructuring the debt of ailing power utility Eskom but will only give details...

Palladium outshines gold for first time in 16 years

1 week ago - 07 December 2018 | Business

Arpan Varghese and Swati Verma - Palladium is more valuable than gold for the first time since 2002, with prices soaring by around 50% in...

World's biggest oil traders paid bribes in Brazil scandal

1 week ago - 07 December 2018 | Business

Pedro Fonseca and Marcelo Rochabrun - Leading global oil traders Vitol, Trafigura and Glencore paid more than $30 million in bribes to employees at state-owned...

Company news in brief

1 week ago - 07 December 2018 | Business

Eskom wants state to take on billions of its debtSouth Africa's struggling state-run power firm Eskom wants the government to take on R100 billion of...

Namibia ta nduluka ngashiingeyi iihauto

1 week ago - 07 December 2018 | Business

Omupresidende okwa popi kutya shoka oshi li epondolo unene moshikondo shomapungulo moshilongo.“Ohauto yandje yotango ndjoka nda landa moZambia sho oshilongo sha manguluka, oya li oPeugeot...

Latest News

Economy remains in the red

11 hours ago | Economics

The Namibian economy grew by -0.8% in the third quarter of the year, marking its 10th consecutive quarter in the red.According to data released by...

Shifting Red Line 'a long-term...

1 day - 13 December 2018 | Agriculture

An interim strategy has been developed to control outbreaks of foot-and-mouth disease (FMD) in the Northern Communal Areas (NCAs), as the shifting of the veterinary...

Cops heavily in debt

1 day - 13 December 2018 | Police

The police chief, Lieutenant-General Sebastian Ndeitunga, yesterday gave President Hage Geingob a frank overview of the tragic state of affairs in the force.According to him...

Iilonga hailed as steadfast, courageous

1 day - 13 December 2018 | People

Tributes are pouring in for struggle veteran Petrus Iilonga, who died on Tuesday evening at the age of 71.Iilonga was a former trade unionist and...

Another tough half-year for Nictus

1 day - 13 December 2018 | Business

Jo-Maré Duddy – The recession continued eroding the profit of Nictus Holdings in the first six months of its current financial year, but its impact...

Our big-spending defence ministry

1 day - 13 December 2018 | Columns

Recent calls by parliamentarians in the National Council to increase the defence budget make for interesting reading. Onesi constituency councillor Titus Kanyele recently suggested more...

At your fingertips

1 day - 13 December 2018 | Technology

Yolanda Nel - After a break-in at her home three years ago, an entrepreneur decided to develop an app that provides emergency contact numbers at...

B1 crash claims three

1 day - 13 December 2018 | Accidents

Three men died on the Okahandja-Otjiwarongo road yesterday morning when their vehicles collided after one of the cars had crashed into a cow standing in...

Namvet to play politics

1 day - 13 December 2018 | Politics

The Namibia War Veterans Trust (Namvet) says it is considering entering the political fray by participating in the 2019 national elections after all attempts to...

Load More