DUBAI, United Arab Emirates, April 14, 2015 (GLOBE NEWSWIRE) -- Multinational conglomerate Stallion Group is poised for growth through large-scale investments in the African continent across several key growth sectors.
Dubai headquartered Stallion Group has embarked on several major initiatives in Africa, the region with most opportunities but with severe associated challenges.
The Group, with its impressive 45-year old history, is engaged in multiple businesses across commodities, industries, automobiles, food, steel manufacturing, mining, agriculture, services and others.
Stallion has a presence in several countries including the UAE, Saudi Arabia, Thailand, India, Turkey, Nigeria, Ghana, Benin, Ivory Coast, Cameroon, Senegal, Mali, Burkina Faso, Angola and others.
The group is professionally managed and follows the highest standards of compliance and ethics in its corporate culture. As a recipient of awards from many governments including Nigeria, Ghana and Thailand, Stallion's is well rooted within the communities the group operates and fosters several social initiatives.
Over the years, Stallion has established strong partnerships with several global multinationals and international financial institutions.
Stallion Group's Chairman Sunil Vaswani says "we now have a stable and robust foundation that sets the scene for phenomenal growth prospects for the group in the coming years." He further adds "the growth areas would come in key industrial, agriculture and services sectors that are predicated by population growth and the surging African middle class purchasing power."
As a market leader in mass consumption products like rice, fertilizers, edible oil and frozen food, Stallion built an extensive sales and distribution infrastructure across sub Saharan Africa over the years. The products enjoy strong brand loyalty associated with high quality and fair pricing.
Furthermore, Stallion's portfolio of automobile brands is full of major global auto companies; Honda, Nissan, Volkswagen, Hyundai, Audi, Skoda, Porsche, Ashok Leyland, Foton, IVECO and several others. The group has an extensive network of distribution, sales, spare parts, accessories and after sales operations in its markets, providing a wide range of products and services to customers.
The group extended its automotive value chain, by establishing assembly plants for Nissan, Hyundai, Volkswagen and Ashok Leyland vehicles in Nigeria, a pioneering initiative pursuant to the country's new automotive policy.
"The sub Saharan Africa and the Middle East are the key future markets for Stallion," says Sunil Vaswani. "We have the expertise and experience to succeed in these markets and are now working on expanding our revenue streams across new sectors."
Stallion is driving its future Africa plans based on the continent's strong natural resources and enhanced need to achieve self sufficiency across several critical sectors. Stallion has invested in local industries for driving future growth of the product lines through effective utilization of indigenous resources.
In doing so the group has deployed world-class production technologies and equipment, often in collaboration with leading international companies and at the same time training local human resources to international benchmarks.
Stallion's approach aligns well with the aspirations and policies of the regional governments to promote self-sufficiency and reduce dependence on imports.
For instance, Stallion has established fully integrated agricultural operations including world-class rice mills at strategic locations, to promote milling and paddy cultivation in the captive areas. Stallion's activities are being a catalyst for increased local production of paddy, thereby contributing to the region becoming self-sufficient in rice production.
Stallion has won numerous awards and recognitions in the course of its long history. For instance, in December 2014, Stallion Group was awarded amongst the top Nigerian conglomerates by the Federal Government of Nigeria and was recognised as the second largest conglomerate in the country that included several other prestigious multinational corporates. As key criteria for the awards, the Federal Government considered the amount of taxes paid, the employment generated, Corporate Social Responsibility and the companies' turnover.
Sunil Vaswani expresses conviction and confidence that the group's investment plans of USD 9 billion will propel the business to the next level within the next 5 years. He says, "With well conceived projects, excellent teams and good governance, I am confident that Stallion will achieve its business and social goals admirably."
CONTACT: Ms Saldanha Stallion Group Headquarters PO Box 31620 Dubai United Arab Emirates email@example.comSource:Stallion Group