Assembled cars in a row at car plant. Tanzanian tycoon Reginald Mengi has signed a deal with a South Korean firm to set up a vehicle assembly plant in the country. FOTOSEARCH
Dar es Salaam-based industrialist Reginald Mengi last week signed a deal with a South Korean firm to set up a vehicle assembly plant in the country.
The $10 million deal between Mengi’s IPP Automobile Company Ltd and Youngsan Glonet Corporation will bring to two the number of vehicle assembly plants in Tanzania. The other one is Ursus, a Polish tractor assembly plant at Kibaha.
