3M MEA enters Kenya, Nigeria markets

The two subsidiaries to commence operations in Q3 2012

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3M MEA enters Kenya, Nigeria markets Malik says 3M's expansion into Africa is driven by the strategy to enhance its penetration in emerging markets.
By  Manda Banda Published  June 11, 2012

In line with its robust growth plans for the Middle East and Africa (MEA) region, technology firm 3M, has revealed that it is expanding its operations to Nigeria and Kenya.

The vendor states that the move is part of the recently announced geographical expansion plan,  which will see it set-up subsidiaries in Nigeria and Kenya.

3M says the Kenya operation will encompass neighboring countries which will include Tanzania, Uganda and Ethiopia.

Irfan Malik, area vice president 3M MEA, said: "3M's expansion across new geographies in Africa is driven by our underlying strategy to enhance our penetration in emerging markets by increasing customer relevance with the aid of our proven global technology platforms and prioritising focus on key industries that are expected to grow multi fold in the coming years."

He added that the MEA region is one of the fastest growing geographies for 3M globally and the company is committed to not only infuse fresh investments across key countries, but also introduce tailor made innovations relevant for the specific needs of the industries operating in the region.

3M says that the initially focus in the two countries would be on leveraging key 3M business unit portfolios including healthcare, consumer and office business along with industrial and transportation, which will target the infrastructure, safety and oil & gas industries in Africa.

The compny states that the Nigeria office will be led by Gregory Peter who has been appointed as the general manager for that country, while Debasish Gupta will head the Kenya operations in the capacity as general manager.

1893 days ago
forextradingstrategie.org

EMEA is the place for great expansion no wonder the entire economy is shifting and being at the right time at the right place the key to any financial success

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