CAIRO – 14 March 2019: Nissan Motor Corporation asserted its desire to consolidate its presence in the Egyptian market and cooperate with the Egyptian government in carrying out its ambitious plans for the development of the local auto industry to place Egypt among the leading countries in the field of making and exporting automobiles.
This came during a meeting held between Prime Minister Moustafa Madbouli and a Nissan delegation led by Peyman Kargar, the Senior Vice President of Nissan and Chairman of its Management Committee for Africa, Middle East, and India, who affirmed that Egypt is of special importance for the company’s investments in the Middle East region given the potentials and valuable qualities and advantages it enjoys.
At the meeting, attended by Trade and Industry Minister Amr Nassar, Madbouli said that his government is ready to offer all possible incentives to encourage serious companies like Nissan to expand their businesses and pump more investments in the Egyptian market, highlighting a meeting he had earlier in the week with a delegation of the Egyptian-Japanese business council and the fruitful talks which the delegation conducted with President Abdel Fattah El Sisi as regards the promising future of the Japanese investments in Egypt.
The premier instructed Nassar to continue consultations with Nissan to accelerate the implementation of its expansion plans in the Egyptian market.
– EGYPT TODAY
Messe Frankfurt studies holding international textile exhibition in Egypt
Shirts- CC via Maxpixel/ Sony Ilce-7
CAIRO – 19 May 2019: Messe Frankfurt Exhibition GmbH is studying holding an international fair for textile products in Egypt for the first time, announced Egypt’s Ministry of Trade and Industry in a statement on Sunday.
“The exhibition will be an important platform for bringing together exporters and importers from around the world to exchange experiences and views in this field,” the statement read.
The exhibition comes in light of Egypt’s strategic plan to be a trade hub serving the African countries, the ministry said, noting that the country aims to be an international center for all international exhibitions.
Member of the Executive Board of Messe Frankfurt GmbH Uwe Behm said that the company has been cooperating with Egypt for 100 years, adding that the company aims to hold this big international exhibition due to Egypt’s distinguished and strategic geographic place in Africa and in the Arab World.
Durban Car Terminal handles over half a million fully built units
DURBAN – The Durban Car Terminal broke a South African (SA) record, handling over half a million fully built units (FBU) in the 2018/19 financial year.
Amanda Siyengo, the Transnet Port Terminals (TPT) General Manager for Bulk, Break Bulk and Car Operations said, “A combination of a shift in the operating model, improved planning, dedicated operational teams and collaboration with customers and shipping lines have seen the terminal exceed its annual average of 480 000 FBU”.
This has resulted in the terminal handling 510 936 FBU which comprises of passenger, commercial, static mafi cargo and high and heavy vehicles.
The terminal had undergone an operating model change which entailed taking over the outsourced driving service function so that it was handled internally. Siyengo added that this achievement had not been an easy task, commending terminal management on and improving efficiencies such as units handled per hour with and ship working hours
“Facilitating seamless logistics planning and operational execution for original equipment manufacturers plus collaboration with shipping lines, is very critical in eliminating bottlenecks and ensuring that automotive exports and imports are handled efficiently for the South African economy,” said Siyengo.
The Durban Car Terminal is also focusing on creating more storage capacity to meet the industry demand, driving a high performance culture and being innovative in solutions it provides. Introducing the automated service instruction entry (SIE) to over 100 customers, supply chain partners and various other stakeholders is an initiative that is work in progress however, improves the SARS clearance process from 72 to 24 hours.
There have also been significant investments in the SA automotive sector that supported higher production capacity which led to better than expected export volumes countrywide.
The Department of Trade and Industry’s Automotive Production and Development Plan incentivizing the industry for increasing local content from 38% to 60% ex-factory price, has also played a significant role in increased numbers after its introduction in 2013. SA’s motor industry currently builds about 600 000 vehicles per annum, which is 0.7 percent of the global consumption. The SA government would like to see this grow to about 1 percent in 2035 when the SA Automotive Masterplan expires.
SA, through TPT’s Durban Car Terminal is the single largest car terminal in Africa. They have previously created a web-based, general cargo operating system called GCOS which enhances security of break bulk cargo and automotive, offering simple user interface and greater data integrity compared to the old manual method.
GCOS is a commercial product that some of the West African terminals are already utilizing and one of these is the Port of Cotonou in Benin.
BUSINESS REPORT ONLINE
Cairo, Beijing sign partnership agreement to jointly manufacture electric vehicles in Egypt
A Volvo hybrid car is seen connected to a charging point in London, Britain September 1, 2017. REUTERS/Hannah
BEIJING – 27 April 2019: Egyptian Minister of Military Production Mohamed el Assar and Minister of Trade and Industry Amr Nassar attended on Saturday morning the signing ceremony of a partnership agreement with China on joint manufacturing of electric vehicles in Egypt.
The agreement was signed by two representatives of Egypt’s Military Factory 200 and a representative of China’s Foton Motor Co..
The minister of military production said this project will be implemented in Egypt under the aegis of President Abdel Fattah El Sisi upon his directives which are aimed at making these kinds of vehicles to be fully manufactured in the country.
The partnership deal includes joint manufacturing of 2,000 buses within four years, in which the Egyptian component represents 45 percent. Assar added that this project will be followed by other phases of joint manufacturing of other types of electric vehicles in cooperation with the Military Factory 200.
He pointed out to a visit he paid to Foton Motor, during which he made sure that the Chinese company’s factory is capable of fulfilling its obligations under the partnership given its great potentials.