CV Industries Limited is in a joint venture with Sinotruck and set up a $100 million plant to assemble trucks and cars in Nigeria for local use and export.

The joint venture, which is 65 percent owned by CV and 35 percent by Sinotruck will assemble components and knocked down parts imported from Sinotruck to the Kenyan plant. It aims to meet the expected increased demand for transport in the country as the government focuses on boosting agriculture and farmers need to move goods across the vast country.

The Group also has business with Transit Support Services (TSS) Limited, the assemblers of Shacman truck in Kenya.

The trucks will be used for diverse onshore and offshore operations in the country. CV Industries Limited is 90 percent the principal fleet customer for the Shacman range of trucks. The trucks are assembled inside the Anambra Motor Manufacturing Company (ANAMMCO) automotive assembly plant in Nairobi. The total value of the investment is worth over Kes 60 Billion.