Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production to 100,000 with backward integration in Next 5 years

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 78 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 94%

MMNL Nachrichten

Tubular Batteries Production

To cater to the rapidly growing demand of Nigeria’s energy sector; Metal Manufacturing Nigeria Limited (MMNL), Nigeria’s largest tubular battery company is aiming to double its expansion capacity to 60,000 pcs per Month in the next financial year.

Nigerian Company MMNL to invest $50 Million to scale up its Tubular Batteries Production to 100,000 with backward integration in Next 5 yearsTo cater to the rapidly growing demand of Nigeria’s energy sector; Metal Manufacturing Nigeria Limited , Nigeria’s largest tubular battery company is aiming to double its expansion capacity to 60,000 pcs per Month in the next financial year.

Despite several challenges; MMNL has achieved stable production of 30,000 units per Month by 2024. MMNL is proud of the fact that it is the first & only Made-in-Nigeriawhich dominates over 35% to 40% of market share. It means for every five batteries sold in Nigeria; two batteries are from MMNL.

Being an Industry leader with 14 years of manufacturing experience in Nigeria; MMNL has certainly created a high entry barrier for both existing and new players which are considering to start their tubular battery manufacturing operation. Metal Manufacturing Nigeria Limited is a shining example of how a true leader can sail through turbulence of political, economical, social & technological hurdles.Metal Manufacturing Nigeria Limited is the largest tubular battery manufacturing company.

The United Nations International Children's Emergency Fund has handed over the world's first fully solar-powered Pressure Swing Adsorption Oxygen Gas Plant to the Jericho Specialist Hospital in Ibadan, Oyo State. This innovative solution, created by Em-One, emerged as the winner of UNICEF's innovation challenge and was funded by the Government of Norway and other…

The Chief Spokesperson Obi-Datti and Director of Media Labour Party , Dr. Yunusa Tanko, has clarified insinuations by one Mr Calistus Okafor that the National Chairman of the LP, Barrister Julius Abure, gave the presidential candidate of the party, Peter Obi, N850 million to prosecute the 2023 election. Dr. Tanko, while debunking the claim, said…

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 1. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen