One of the foremost automobile assembly plants in Nigeria, PAN Nigeria Limited, has dismissed reports that its Kaduna-based factory has been bought.
The auto firm stressed that it is operationally doing well in its auto business as a separate entity from Dangote PAN.
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A statement indicated that PAN Nigeria Limited disclosed that the Kaduna-based auto assembler has ceased to be assemblers of Peugeot vehicles in Nigeria and now evolved as a multi-brand assembler of reputable international brands.
PAN Nigeria, which incidentally will be marking the 50th anniversary of its incorporation in Nigeria during the year, will be rolling out exciting new brands designed to meet the high expectations of its target market.
PAN has already signed deals with two leading Chinese companies, Chery Automobile and Higer Bus Company, which specialise in the production of passenger cars and commercial vehicles.
While Chery is a leading manufacturer of Sport Utility Vehicles (SUV) and Sedans, Higer is a reputable producer of mini and city buses.
The assembly of multiple brands at the PAN plant will increase capacity utilization, create new jobs and promote local content development.
Expected products from the plant range from pickups, buses, sedans, SUVs and ambulances to serve the needs of the important segments.
