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Vehicle assembly plants urged to buy local inputs
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Vehicle and motor cycle assembly companies in the country have been urged to patronize local foam manufacturing companies while sourcing foam accessories.
The executive secretary of the Foam Manufacturers Group of the manufacturers Association of Nigeria (FMG-MAN), Tobechukwu Nwalozie told Business Day’s Real Sector that the Nigerian foam industry boasts of companies that can produce foam of any quality for the vehicle and motor cycle assembly industries.
He listed companies like Mouka, Current, Vita etc as major foam manufacturers whose products can match any other from any part of the world.
Nwalozie frowned at the current situation where the vehicle assembly companies rather than patronize the local foam companies prefer to import foam inputs, stressing that the trend does not augur well for the growth of the Nigerian economy.
According to the foam makers’ scribe, all the vehicle and motor cycle assembly companies’ seat input, for instance, should be sourced locally so as to deepen the local content of the finished products (vehicles/motor cycles).
This is where foam inputs are largely needed.
Canvassing for a policy on the use of local foam inputs in vehicle/motor cycle manufacturing, Nwalozie called on the authorities to persuade the assembly companies to patronize local foam companies in the area of foam accessories.
He stressed that such a policy would also encourage the growth of vehicle and motor cycle seats manufacturing companies in the country.
Some of the vehicle assembly companies in Nigeria include Peugeot Automobile Nigeria Limited (PAN), SCOA, GM (Isuzu, Ford), ANAMCO, Simba, Changan, Chellarams etc.
The motor cycle assembly companies include Honda, Boulos, Bajaj etc.
Over the past two decades, the Nigerian vehicle assembly industry has been grappling with a lot of challenges including the unabated influx of finished vehicles which sell at prices that make the locally assembled products uncompetitive. Nwalozie said local production of vehicle and motor cycle seats using local foam inputs would go a long way to bring down the high prices of the products of the vehicle assembly companies.
The executive secretary of the Foam Manufacturers Group of the manufacturers Association of Nigeria (FMG-MAN), Tobechukwu Nwalozie told Business Day’s Real Sector that the Nigerian foam industry boasts of companies that can produce foam of any quality for the vehicle and motor cycle assembly industries.
He listed companies like Mouka, Current, Vita etc as major foam manufacturers whose products can match any other from any part of the world.
Nwalozie frowned at the current situation where the vehicle assembly companies rather than patronize the local foam companies prefer to import foam inputs, stressing that the trend does not augur well for the growth of the Nigerian economy.
According to the foam makers’ scribe, all the vehicle and motor cycle assembly companies’ seat input, for instance, should be sourced locally so as to deepen the local content of the finished products (vehicles/motor cycles).
This is where foam inputs are largely needed.
Canvassing for a policy on the use of local foam inputs in vehicle/motor cycle manufacturing, Nwalozie called on the authorities to persuade the assembly companies to patronize local foam companies in the area of foam accessories.
He stressed that such a policy would also encourage the growth of vehicle and motor cycle seats manufacturing companies in the country.
Some of the vehicle assembly companies in Nigeria include Peugeot Automobile Nigeria Limited (PAN), SCOA, GM (Isuzu, Ford), ANAMCO, Simba, Changan, Chellarams etc.
The motor cycle assembly companies include Honda, Boulos, Bajaj etc.
Over the past two decades, the Nigerian vehicle assembly industry has been grappling with a lot of challenges including the unabated influx of finished vehicles which sell at prices that make the locally assembled products uncompetitive. Nwalozie said local production of vehicle and motor cycle seats using local foam inputs would go a long way to bring down the high prices of the products of the vehicle assembly companies.
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