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Impact Of Storage And Material Handling On Store Efficiency
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1. Federal government of Nigeria = 35%
2. Bank of industries = 5%
3. Automobile France = 40%
4. Kaduna state government = 4.7%
5. Katsina state government = 5.3%
6. SCOA (Nig) plc. = 5%
7. UTC (Nig) Plc = 5%
Between
the year 1975 and 1986 (approximately 12years), PAN was producing a
total of 415,870 cars perannum. The models of Peugeot being produced
then were 504Gl, 504sw/ac models, save during the initial two years of
its production, when it briefly produced the 404 salon model,. Between
1982 and 1998, the 505gl/sr models were added to the list of brands
produced by the company. In the same period, the company added the 505
Gl and ST evolution. Subsequently the 306salon model come on stream
between 1995 and 2005, while 406 salon was introduced into the market
where it has remained since 1999 to date.
Number of employees
Total (708), management (32), expatriate (13).
Change of Ownership a New Beginning.
The
second phase of the historical background of PAN takes off from the
privatization policy of the federal government of Nigeria. The policy
offered
great opportunities to indigenous companies to bid for and
acquire majority shares in public enterprises. It was this policy that
catalyzed a core investor, messrs ASD motors limited, into acquiring
majority shares in PAN, leading to its eventual take over of PAN
management in the year 2007. The change of management to the current one
represents a paradigm shift which may be described as “ anew beginning “
being the end of an era and beginning of a new one, hence, our current
reference to the company as “ the new PAN,†spelling new hope and
challenges.
The new ownership structure of PAN now is,
1. ASD motors limited =54.87%
2. Federal government of Nigeria =40%
3. Automobiles Peugeot of France =10%
4. Bank of industries =5%
5. Kaduna state government =4.7%
6. Katsina state government =5.3%
7. SCOA (Nig.) plc. =5%
8. UTC (Nig.) plc. = 5%
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