Toyota group considers construction of car assembly line in Angola

2 September 2019

Japanese group Toyota Tsusho Corp estimates US$200 million in funding will be needed to set up a Toyota car assembly line in Angola, Japanese multinational vice president Hideki Yanase said in Tokyo on Friday.

The Angop news agency reported that the challenge for the construction of an assembly line in Angola was launched by the President of the Republic, João Lourenço, during a hearing granted to Hideki Yanase, on the sidelines of the Seventh Tokyo International Conference for African Development (TICAD7).

The vice-chairman of the Toyota group, who was speaking at the end of the hearing, said that the amount would be used to purchase plots and build the assembly line as well as office buildings.

At first, he stressed, the idea would be to create a car assembly line and then build a spare parts factory for the domestic market.

The Angolan president discussed the projects that the Japanese company is developing in Angola with the chairman of the Toyota group, namely the recovery, modernisation and expansion of the port of Namibe.

The vice-chairman of Toyota said that the port is a project that the group has been working on for some time, stressing that if all goes well, from the first quarter of 2020 work will begin on the most advanced phase of the facility, which began to be recovered in 2007. (Macauhub)