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Home Business News

Leventis Motors stops distribution of JCB construction equipment

Onome Ohwovoriole by Onome Ohwovoriole
May 24, 2017
in Business News, Company News
Leventis Motors stops distribution of JCB construction equipment
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Mr. Nikolaos Giannousas, general manager Leventis motors says the company will no longer distribute JCB construction equipment in Nigeria. He stated this at an event in Lagos recently. Here are key highlights of the firm’s decision:

  • Leventis will continue to offer service and after sales support on JCB equipment already sold to customers.
  • Leventis has signed a deal with Lovol Heavy Industries Construction Limited to distribute Lovo construction equipment.
  • Lovo’s sales manager for Africa, Mr Andy Liu said the search for a distributor in Africa had been on since 2014.
  • He also stated that Lovol is one of the fastest growing brands in the construction industry and has partnerships with Original Equipment Manufacturers from Germany and Italy.

Leventis motors was founded in 1952 and is a subsidiary of the AG Leventis group. The company which has a workforce of about 900 people, also distributes Volkswagen and Foton trucks. Lovol Heavy Industries Ltd was founded in 1998 and its operations range from manufacture of construction and agricultural equipment to financial services. The company had a turnover of 21 billion RMB (yuan) in 2014. JCB, founded in 1945 by Joseph Cyril Bramford is the world’s third largest equipment manufacturer.

Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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