Innoson Vehicle Manufacturing (IVM), as part of its expansion drive, plans to establish new plant in Owerri, Imo
The establishment of Imo plant is part of Innoson’s mission to become a giant in vehicle production in Africa.
IVM’s current manual production plant has the capacity to produce about 10,000 vehicles annually.
When it completes its migration to fully automated production plant, this will increase to about 60,000 annually.
Presently, IVM is producing vehicles for 5 African countries, including Sierra Leone, Mali, Congo, and Côte d’Ivoire.
Indigenous automobile manufacturer, Innoson Vehicle Manufacturing (IVM) Company, has announced plans to establish another manufacturing plant in Owerri, Imo State.
This was made known by the Chairman of Innoson Group, Chief Innocent Chukwuma, on Friday during a facility tour of the plant in Anambra State which was attended by the Nigerian Union of Journalists (NUJ) correspondents’ chapel in Anambra.
Chukwuma said the establishment of the plant in Imo is part of efforts to actualise the company’s mission to become a giant in vehicle production in Africa.
“The Innoson factory expansion will be situated at Naze Owerri in Imo. We have already acquired about 150,000sqm land for this project and construction works are ongoing,”.
Also speaking, Cornel Osigwe, head of corporate communications, Innoson Group, expressed excitement over the endorsement of Innoson vehicles by Chukwuma Soludo, governor of Anambra.
Osigwe said the endorsement showed the durability and capacity of the made-in-Nigeria vehicle.
“Governor Soludo is the first governor to use Innoson vehicles as official vehicle and we are hopeful that such endorsement will increase patronage from other state governments, corporate organisations, and other well-meaning Nigerians,”
The Innoson Group -
“Presently, IVM is producing vehicles for about five countries in Africa including Sierra Leone, Mali, Congo, and Côte d’Ivoire.’’
According to him, the company is currently migrating from manual production to becoming a fully automated production plant.
He added that the manual production plant has the capacity to produce about 10,000 vehicles annually, but at the completion of the migration, production capacity will increase to about 60,000 annually.
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