PAN To Commence Peugeot 301 CKD Production | Independent Newspapers Limited
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PAN To Commence Peugeot 301 CKD Production

Posted: Jun 12, 2015 at 12:21 am   /   by   /   comments (0)

By Phillip Oladunjoye  –  Lagos


PAN Nigeria Limited said it has concluded arrangements to commence Complete-Knocked-Down (CKD) production of Peugeot 301 in earnest. 

The automobile company said that the historic feat was attained recently when the Managing Director of the company, Alhaji Ibrahim Boyi, and the PSA Group Vice President, Middle East and Africa, Mr. Jean-Christophe Quemard, signed a technical agreement that will allow PAN Nigeria to migrate from SKD (Semi-Knocked-Down) to CKD (Complete Knocked Down) production.

Speaking shortly after the signing of the agreement, Alhaji Ibrahim Boyi, expressed his happiness with the new development, noting that the signing of the pact was a confirmation of the confidence the PSA Group has in the company. He stated that the mutual relationship between both parties have become more robust and stronger than ever before, adding that the  early transition to CKD operation was in line with the objectives of the National Automotive Industry Development Plan (NAIDP), which encourages local production of vehicles and components in the country.

Boyi re-affirmed the commitment of PAN Nigeria, a leader in the Nigerian auto industry, in realising the objectives of the National Automotive Policy to the fullest, saying that CKD operations represent a bold step towards real domestication of production activities in the localisation of the auto industry, creating opportunities for jobs, skills and component parts manufacturing.

It would be recalled that in July 2014, PAN flagged off the local production of Peugeot 301 under SKD platform. “The auto policy had provided a strong incentive to re-open industrial production for Peugeot vehicles after many years of in-activity, and attract the full support of Original Equipment Manufacturers (OEMs) partners, Automobile Peugeot (AP) France. This partnership has created a new window of opportunity for employment and re-engagement of dis-engaged workers and also resuscitate the businesses of the largely moribund local component manufacturers,” the Managing Director stated.