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On Tuesday, October 17, 2023, Nana Addo Dankwa Akufo-Addo, President of the Republic, officially opened the second phase of the Sinotruk Vehicle Assembly Plant in Tema as part of the government’s flagship 1-District-1-Factory initiative.
At the same time, he turned the first sod for the start of work on the Sinotruk Project’s Third Phase, which, when finished, will turn Sinotruk Ghana Limited into a fully integrated car manufacturer in Ghana with the ability to supply its assembly lines with locally produced parts and components.
The commissioning of the second phase, which represents the commercial production of vehicles in the new plant, along with the investments into a third phase of expansion, according to President Akufo-Addo, are “testaments to Sinotruk’s confidence in the growing trajectory of the truck assembly business in Ghana, as well as in the rebounding of the Ghanaian economy.”
He expressed the government’s deep appreciation for Sinotruk’s forward-looking ambition while assuring them of the government’s unwavering support for the ongoing creation of a business-friendly environment where firms can continue to expand.
This commitment, he added, “is seen in government’s vision and creation of structured programmes for achieving industrial transformation, through a supportive incentive framework for a company such as Sinotruk to become a prominent, domestic assembler of trucks, and major player in the haulage, construction and distribution sub-sectors of the economy.”
According to the President, “When I first visited the Kpone-Katamanso Plant on Thursday, 30th August 2020, I recall how impressed I was with the effort to develop this facility for the assembly of heavy-duty and light trucks in Ghana for the domestic and regional market. I also recall the promise made to me by Madam Yang Yang, the dynamic and hardworking Managing Director of Sinotruk, that she, together with her partners, are committed to building a world class facility for the assembly, in Ghana, of heavy-duty trucks for the West African market.”
Three years down the line, President Akufo-Addo is happy to note that, “with the completion of this second phase and the commitment to investing further in a third phase, the fulfilment of her vision is almost accomplished.”
He described establishments such as Sinotruk as having “demonstrated how major players in the import and distribution chain have taken advantage of strategic interventions, such as the 1-District-1-Factory initiative, to transition from being mere importers and distributors of trucks, to establishing assembly plants for both domestic and export markets.”
The new Assembly Plant of Sinotruk increases the current annual production capacity from 850 trucks to some 3,000 heavy-duty and light-duty trucks, including tipper trucks, wheel loaders, backhoes, trailers, semi-trailers, oil tankers as well as a variety of light-duty vehicles, assembled from semi-knocked down kits, which adhere to international standards of quality and safety.”
Additionally, he noted that the new assembly plant will double employment in the company, from 356 to 700, and create 1,000 indirect employment opportunities, adding that “a unique feature of Sinotruk’s operation is the state-of-the-art training centre, established on these premises, to train artisans in the application of appropriate technology and skills to build their capacities in the processes of assembly, repair and maintenance.”
With Government not oblivious of the challenges confronting the manufacturing sector, President Akufo-Addo was convinced that “the progress we are making in restoring macroeconomic stability, and in our determination to returning our nation onto the path of sustained growth, will inure to the benefit of the private sector, including those in manufacturing and commerce, with a positive impact on the reduction of the cost of doing business.”
Source: Ghanatodayonline.com
