In April 2015, CFAO and Yamaha Motor Corporation Japan jointly incorporated a company named CFAO Yamaha Motor Nigeria Limited, to assemble Yamaha motorcycles in Nigeria. The incorporation of the company was achieved less than four months after a joint venture agreement was signed by the two parents of the new company with the objective of contributing their quota to the development of the country’s transportation industry.
As a result of this incorporation, CFAO Yamaha Motor Nigeria Limited is now set to install its factory equipment; test-run the assembly process and appoint several dealers in preparation for the first roll out of brand new YAMAHA motorcycles from the plant with effect from September. This development was announced recently in Lagos by Mr. Olivier Levigne, pioneer Managing Director of the new company, who has decades of experience in the automobile industry including Peugeot, Chevrolet and Mitsubishi.
He disclosed that his team, which includes a couple of Japanese experts from YMC is confident that Nigerians and the country at large would enjoy the benefits that Yamaha motorcycles would bring especially with quality assured local assembly line and a wide distribution network nationwide. The Yamaha assembly plant is located in the premises of CFAO within the Amuwo Odofin industrial zone, Lagos and it has a production target of 70,000 motorcycles by 2018.
The new company will take advantage of the manufacturing and marketing expertise of Yamaha Motor Corporation, Japan and CFAO’s business experience and vast distribution network in Nigeria spanning over 113 years. The company will introduce also other Yamaha products such as out board engines, water vehicles (like jet-ski), ATV (all-terrain vehicles), power generators and water pumps.
Levigne also noted that the management of CFAO Yamaha Motor Nigeria Ltd is ready to admit more dealers for its marine products, motorcycles, power generators and spare parts,whilst empowering authorized workshops and professionally trained mechanics for the task ahead.