Construction of the first car assembly factory in Mozambique will be concluded by the end of the year, said Arão Nhancale, mayor of the Matola Municipal Council, said Wednesday.
The factory, which is located in the Machava area of Matola, in the former workshops of Mozambican state port and rail manager Portos e Caminhos de Ferro de Moçambique, will produce trucks, buses and light passenger vehicles of the Matchedje brand, which is the name of a place in the Sanga district of Niassa province where the 2nd Congress of the Mozambique National Liberation Front (Frelimo) was held.
Cited by newspaper Notícias, Nhacale said that, “the project’s proponents have given assurances that the factory will produce 30,000 units in the first year, and then increase production to 100,000 units per year.”
The future “Matchedje” factory’s main investor is China Tong Jian Investment, based in Shanghai, in which New Zealand’s Morgan Foundation is the largest shareholder and focuses its business on promoting China-Africa relations.
In all US$150 million is due to be invested, and in this initial phase US$15 million will be spent to manufacture the first 30,000 vehicles, of which 22,000 will be light vehicles, 5,000 truck and 3,000 will be buses. (macauhub)