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Innoson Vehicles Manufacturing (IVM) has revealed plans to set up another manufacturing plant in Owerri, Imo State.
The chairman and Chief Executive Officer of the company, Chief Innocent Chukwuma, disclosed this when he received members of the Correspondents’ Chapel, on a facility tour of his plant in Nnewi, said the plan is apart from an expansion in Anambra State.
He explained that the current expansion effort was to actualise the group’s mission to become a giant in vehicle manufacturing in Africa by serving the country’s and continent’s vehicle needs.
The Innoson factory expansion will be situated at Naze Owerri in Imo state,he said,adding that the company has already acquired about 150,000sqm land for this project and construction works are ongoing.
Also speaking, Mr Cornel Osigwe, Head, Corporate Communications, Innoson Group who conducted the Correspondents round the facility, expressed excitement over Governor Charles Soludo’s endorsement of INNOSON vehicle brand as the official vehicle for Anambra state.
He said that the show of faith by Soludo showed the durability and capacity of the made in Nigeria vehicle.
“Governor Soludo is the first Governor to use Innoson vehicles as official vehicle and we are hopeful that such endorsement will increase patronage from other state governments, corporate organisations and other well-meaning Nigerians.Presently, Innoson Vehicles is producing vehicles for about five countries in Africa including Sierra Leone, Mali, Congo, and Côte d’Ivoire,” he said.
Osigwe said the company was currently migrating from manual production to a fully automated production plant.
“The manual production plant has the capacity to produce about 10,000 vehicles annually but at the completion of the migration to a fully automated production plant, it will have the capacity to produce about 60,000 annually,” he said.
In his address the chairman of Correspondents’ Chapel, Anambra state, Chief Emmanuel Ilozue, explained that the visit was to strengthen media partnership with the group.
He added:”You are breaking grounds in the automobile industry and contributing to the economy of the state and country at large. It is commendable and worthy of emulation”.
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