Multimillion dollar plant inaugurated

WALVIS BAY President Hage Geingob has officially opened the Peugeot Opel assembly plant.

10 December 2018 | Business

Emre Karaer; Vice President of Peugeot Namibia; “The group has a solid ambition with the push to pass its plan of selling 1 000 000 vehicles in Africa by 2025.”

Leandrea Louw - Erongo Governor Cleophas Mutjivikua welcomed the establishment of the N$190 million Peugeot Opel Assembly Nambia Plant in Walvis Bay and commended the government for creating an environment conducive for foreign direct investment.

“We are ready to process applications in record time to ensure a fast process for smooth investment opportunities within our mandate at regional level. We will also do our utmost best to ensure this investment by Peugeot, which is a futuristic business, will withstand the test of time. ”

The cars assembled at the plant include the Peugeot 3008 and 5008, and Opel Grandland X models to start with. To date 15 vehicles, five each of the models, have been produced in the harbour town and 50 jobs were created.

Assembly will reach an annual targeted capacity of 5 000 units by 2020 to meet the market demand of SACU countries. Namibians might also have the opportunity to buy these vehicles manufactured in Walvis Bay at a cheaper price as the project grows.

The employees are currently receiving on the job training and will later receive additional training at plants in Nigeria and France.

President Hage Geingob in his keynote address said that the assembly plant in the harbour town shows the intent of Namibia to become one of the premier destinations for foreign direct investment in Africa.

“We should always be mindful of the fact that government’s efforts to attract foreign direct investment are not merely for the purpose of establishing factories. These investments should ultimately buttress our efforts to boost local enterprise development and increase the entry and participation of emerging and existing businesses into the mainstream economy.”

The president further said that Namibia is still faced with the triple challenge of severe pockets of poverty, unemployment and unequal distribution of income.

“These are the lingering legacies of our country’s past, which was characterised by the politics of structural economic exclusion, among other things.”

The president expressed the hope that the Peugeot Opel Assembly Namibia Plant, will be a project that will bolster the diversification strategy set out in our Growth at Home Strategy.

“We expect our local small and medium enterprises to incur benefit from this investment, further enabling Namibia to realise the positive externalities and spill over from foreign direct investment.”

Geingob reiterated that employees should constantly be retrained, and emphasised the need for them to add on to their skills.

“Improving the competitiveness of our workforce is becoming increasingly urgent with the advent of the 4th Industrial Revolution. This is the new reality, which is characterised by digitisation, artificial intelligence and robotics. Change is coming, but we do believe that by properly educating and training our workforce we will avoid the onset of structural unemployment that could result as a consequence of automation.”

According to the president customer service in Namibia still has a long way to go.

“Our people working in customs are the first ones that encounter investors. We should make a point of it to change our demeanour towards those visiting the country.”

Emre Karaer, Vice President of Peugeot Namibia, said it was a historical year for Groupe PSA.

“In the first semester of the year, our automotive division operating margin reached 8%, which is the industry benchmark. Worldwide unit sales stood at 2.18 million vehicles, which is a 38.1% improvement since 2017. The group revenue reached 38.6 million euro in 2018, which is a 40.1% increase compared to 2017.

He added that in 2018, up to the end of October, the Middle East African region sold 269 000 vehicles of which 29 000 are Opels.

“The group has a solid ambition with the push to pass its plan of selling 1 000 000 vehicles in this region by 2025.”

The newly established plant complies with Groupe PSA’s international norms and quality standards.

Photo Caption

Assembly plant 1: President Hage Geingob unveiling the plague during the official opening of the assembly plant in Walvis Bay. Photo Contributed

Similar News

 

Significant increase in cross border cargo volumes

1 month - 17 December 2018 | Business

The Walvis Bay Corridors are unquestionably growing as alternative trade routes for international markets to and from southern Africa, with various commodities moved via the...

Oceana Group celebrates 100 years

1 month - 26 November 2018 | Business

Leandrea Louw The Oceana Group founded in 1918 celebrated its 100 years of existence.Oceana is the largest fishing company in Africa. The core...

Namport responds to syncrolift issues

1 month - 26 November 2018 | Business

Whilst Namport does not want to drive up the costs of repairing vessels at the Walvis Bay syncrolift, the port authority has to protect the...

Contractors ­unhappy at syncrolift

1 month - 19 November 2018 | Business

A memorandum on new environmental compliance obligations taking effect on 1 December could cause more harm than good say contractors at the syncrolift in Walvis...

Dunes Mall prospers

2 months ago - 12 November 2018 | Business

Otis Finck - Dunes Mall recently celebrated its first anniversary. The shopping mall, which is the second largest in Namibia, after Atterbury's The Grove...

Etosha earns more accolades

2 months ago - 12 November 2018 | Business

Etosha Fishing Corporation won three of the five large enterprise categories at the 6th Annual National Quality Awards hosted by the Namibian Standards Institution (NSI)...

SMEs capitalise on SWAiTEX

3 months ago - 15 October 2018 | Business

Adolf Kaure The sixth edition of the Swakopmund International Trade Expo (SWAiTEX) took place at The Dome in Swakopmund this week under the theme Local...

N$44 million factory for Walvis Bay

3 months ago - 24 September 2018 | Business

Leandrea Louw Merlus Fishing in Walvis Bay launched their N$44 million Seagull fish processor wet fish and long line factory plant last week Friday. The...

Solar-powered bikes help in conservation

3 months ago - 24 September 2018 | Business

Yolanda Nel In an effort to help conservation and anti-poaching units in the country, Windhoek-based SunCycles aims to make E-bikes available to game...

Choosing your wedding photographer

3 months ago - 24 September 2018 | Business

Leandrea LouwThe big day is around the corner, the venue is booked, the invitations sent out, yet you’re not sure where to begin to search...

Latest News

Hundreds of illegal weapons confiscated...

1 week ago - 07 January 2019 | Crime

Leandrea Louw - A total of 181 cases were reported in the Erongo region from 26 January to 4 January, during the nationwide launch of...

Meet Miss Touchies 2018

1 week ago - 05 January 2019 | Others

Leandrea Louw - Asnee Miller (18) from Walvis Bay was crowned as Miss Touchies 2018. Her first princess was Nelmari Louw (20) from Cape...

Local learner pockets treasure hunt...

2 weeks ago - 31 December 2018 | Others

Anneke Burger (17) a learner at Pro-Ed Academy fished out the key to the treasure chest containing N$100 000 at the annual Treasure Hunt hosted...

Ensuring a sustainable coastal water...

2 weeks ago - 31 December 2018 | Local News

Leandrea Louw - A governmental technical committee has shot down a proposal by the Erongo Water Forum (EWF) to acquire the current Areva desalination plant...

CRIME BRIEFS

2 weeks ago - 31 December 2018 | Crime

Son discovers decomposed body of father The semi-decomposed body of Karel Heinz Traupe (76) was discovered in Swakopmund. Deputy Commissioner Erastus Iikuyu...

Lottering hooks angling bonanza catch...

2 weeks ago - 31 December 2018 | Events

Leandrea Louw - The 31st angling bonanza held at Henties Bay saw Cornè Lottering catching and weighing in a kabeljou of 18.6kg. His massive...

Bank branch staff donate towards...

3 weeks ago - 27 December 2018 | Others

Standard Bank’s central region branch staff donated N$70 743 to the Shack Dwellers Federation of Namibia (SDFN) as part of their annual Christmas gift to...

Amnesty period approved

3 weeks ago - 24 December 2018 | Local News

Leandrea Louw - The Walvis Bay municipality has announced an amnesty period effective from 1 December to 31 May next year for the settlement of...

ERC launches five-year strategic plan...

3 weeks ago - 24 December 2018 | Government

Adolf Kaure -The Erongo regional council (ERC) launched its five-year strategic plan for the period 2017/2018 to 2021/2022 at the Mondesa Multipurpose Centre in Swakopmund...

Load More