South African Company To Open Fitment Centre In Zambia.
ZAMBIA’s vast business opportunities and investor confidence has attracted Sumitomo Rubber South Africa (Pty) Limited to set up four retail and fitment centres in Lusaka at a cost of about US$2 million to bridge the gap of tyres in the country.
SRSA (Pty) Ltd, which is Dunlop brand owners, has partnered with Auto Tyre Worldwide Limited (ATWL) to invest in a retail and fitment centres to start the distribution of the brand in Zambia.
SRSA chief executive officer Riaz Haffejee said in an interview recently, that the company has decided to take advantage of the Zambian market because of its potential to develop various business opportunities.
Mr Haffejees aid the firm which is committed to contributing to economic development in Zambia, has so far created 30 direct jobs for the locals.
“We decided to figure out how we could bring back the Dunlop to the Zambian market which had the potential and demand for our various products and services. We found a good partner, for our growth and expansion into the Zambia market [and] partnered with ATWL investing about US$2 million,” he said.
In 1997, Dunlop ceased production at its Ndola plant, and left Zambia in view of the poor economic environment which made the manufacturing industry less viable.
Mr Haffejee said despite Zambia facing economic challenges, there is still a reasonable growth for business, and this sends a good signal to investors’ out there.
ATWL director of sales and marketing Brian Smith said Dunlop’s emergence onto the local market had been inspired by stagnant growth in the tyre services industry, making it an opportune moment to reintroduce the brand through the opening of stores.
The initial focus has been Lusaka, with an existing store which is operational already and proven to be successful. Over the next two months, Dunlop Zone and Express stores are scheduled to open in Kitwe, Chipata and other strategically sought locations.
Source: Zambia Dailly Mail