LAGOS, NIGERIA, May 16, 2016 - Yamaha Motor Co., Ltd. (Tokyo: 7272) announced today that CFAO Yamaha Motor Nigeria Ltd., a joint venture established by Yamaha Motor and CFAO S.A., opened its motorcycle assembly plant and modern showroom located at the Amuwo Odofin Industrial Scheme in Lagos, Nigeria, on May 13.
The plant opening came after the successful testing and full activation of the Yamaha Motor’s assembly line which rolled out Yamaha motorcycle models designed for commercial use and commutes.
The Governor of Lagos State, Akinwumi Ambode was invited to commission the assembly plant and showroom, accompanied by President, CEO and Representative Director of Yamaha Motor Hiroyuki Yanagi, the Chairman of the management board, CFAO Group, Paris, France, Richard Bielle.
CFAO Yamaha Motor Nigeria’s Managing Director Olivier Levigne said the plant has the capacity for uninterrupted daily production with the target of 70,000 units by 2018, while the showroom exhibits other Yamaha Motor products such as outboard engines, personal watercraft, all-terrain vehicles, generators and Yamalube lubricants, all of which are distributed in Nigeria exclusively by CFAO Yamaha Motor Nigeria.
Fujii Hisashi, Deputy Managing Director and also Marketing Director of the company, said: “In addition to the plant and showroom, Yamaha Motor will launch two initiatives: the Yamaha Technical Academy, which will provide technical training and support services, and the Yamaha Riding Academy, which will contribute to motorcycle riding safety in the country.”
The joint venture was founded on the manufacturing and marketing expertise of Yamaha Motor and CFAO's business experience and vast distribution network in Nigeria spanning over 113 years.
About CFAO Yamaha Motor Nigeria Ltd
CFAO Yamaha Motor Nigeria Ltd. is a registered subsidiary of CFAO group and Yamaha Motor. It was incorporated on April 9, 2015. The company is the exclusive distributor of Yamaha Motor products in Nigeria.
Yamaha Motor (TOKYO: 7272) is a world-leading producer of motorcycles, marine products, power products and surface mounters. The company’s diverse business and wide variety of products are built around its proprietary technologies focused on small engines, fiberglass-reinforced plastics and electronic control. Yamaha Motor conducts global development, production and marketing operations through 140 subsidiaries and equity-method affiliates in 30 countries. About 90% of consolidated net sales are generated in more than 200 countries outside of Japan. The company is steadily restructuring its global engineering, manufacturing and marketing capabilities for sustainable long-term growth. Please visit http://global.yamaha-motor.com.