16 September 2016

Car & General Trading, Cummins BV Agree to Form Joint Venture

New 50:50 entity known as Cummins C&G Holdings incorporated “to consolidate the sales, service and support of Cummins products in East Africa,”, Nairobi-based Car & General says in newspaper statement.

* JV subject to regulatory approval, plans to begin operations in 1H 2017;
* Netherlands-based Cummins BV operations incl. manufacturing diesel engines, turbochargers, alternators, generators;
* Cummins distributes products in African nations incl. Kenya, Tanzania, Uganda, Ethiopia, Djibouti, Seychelles, South Sudan, Rwanda, Burundi, Somalia, Eritrea. Source: Bloomberg