Jubilee FDI - Launching Auto Springs E.Africa new factory in Limuru Kiambu County

Officially opened the newly constructed factory for Auto Springs East Africa located in Limuru, Kiambu County. https://t.co/WshaoVQtxc
Auto Springs EA is Kenya’s largest original equipment manufacturer to the Kenyan motor vehicle assembly sector with over 40 years experience manufacturing products like leaf springs, nuts, bolts and wiring harnesses. https://t.co/QItP9zIIfz
As government, we are making the boldest stand in the history of this country to support locally made products. We cannot be importing any product that can be competitively manufactured locally. https://t.co/QCsUyITQkW
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[SIZE=7]Limuru car parts firm to create 600 jobs[/SIZE]
WEDNESDAY, MAY 9, 2018 4:18
BY JOHN MUTUA
https://www.businessdailyafrica.com/image/view/-/4551816/medRes/1966778/-/maxw/960/-/7uh9dm/-/auto.jpg
Car parts manufacturer Auto-Springs East Africa is set to create 600 additional jobs at its newly opened factory in Limuru.
The auto parts firm, which has moved its operations from Athi River to the new plant, already has about 200 employees on its payroll. The firm, which officially opened the Sh500 million plant yesterday, says it will be hiring both skilled and semi-skilled workers.
The new jobs projection is, however, partly dependent on the government’s resolve in implementing a legal notice that requires car manufacturers to source more than a third of their inputs locally.

“If the government enforces Legal Notice 489 which requires automotive assemblers to have 40 per cent local content in their vehicle assemblies, then we can increase our production to three shifts that would require a workforce of 800 persons,” said Kevin Kihara, the Auto-Springs East Africa board chairman. The company produces wiring harness, leaf springs, bolts and nuts and agricultural machinery. Kenya imported car parts and accessories worth Sh2 billion last year according to the latest Economic Survey report, an increase from the Sh1.7 billion purchased in 2016 but lower than the Sh3.6bn peak recorded in 2014. Its current market stretches across East, Central and Southern African countries of Uganda, Tanzania, Zambia and the Democratic Republic of Congo. Among its biggest customers are Isuzu and Mitsubishi who order wiring harness for both buses and trucks. Toyota Kenya is also on its clients list.

Auto-Springs East Africa got funding for the expansion from Mauritius-based SME financier, SFC Finance. The expansion loan comes months after Ascent Rift Valley Fund, a private equity firm, acquired a majority stake in the company in February.

“We are trying to reduce the level of imports of goods that can be made by companies like ASL without compromising on quality,” said Industrialisation secretary Adan Mohamed.

Mr Mohamed said locally manufactured goods benefit local businesses, boosting the manufacturing sector’s contribution to the economy. The auto parts firm currently produces 150 tonnes of springs each month.
It has set its eyes on hitting a monthly production of 450 tonnes, its maximum capacity. The automobile parts manufacturer says it is in advanced talks with Japanese manufacturer, Honda, to supply its local operations

good work

good news at least

Hapa ni sawa if every county can have a mega manufacturing company and a few companies mtu anaweza rudi kuishi kwa county…hii Nyairofi ya Sonko ni ya upusss