Mikano Diversifies into Vehicle Assembling

By November 7, 2019 Investment News

Mikano International Limited, a leading power solution provider, said it would soon venture into vehicle assembling in Nigeria at its state-of-the-art auto assembly plant located along the Lagos-Ibadan expressway as part of its diversification plan.

Besides, the company said it is investing in an industrial city covering a space of 120,000 sqm with eight warehouses and storage facilities.

The Deputy Chief Executive Officer of Mikano, Mr. Lokman Jouni disclosed this during the Grand Finale of its 2018 Mega Sales Promo Raffle Draw where the star prize of 50KVA Generator worth about N4m was doled out to a lucky winner.

At the raffle draw witnessed by officials of the National Lottery Regulatory Commission and the state Lottery Commission, as well as Advertising Practitioners’ Council of Nigeria (APCON), Mikano customers who participated in the raffle draw won 20 pieces of 43 LED Television sets, five pieces of Laptop, five pieces of N250,000 Mikano Gift Voucher and five pieces of Coolinks internet with one year subscription.

Jouni said Mikano had sustained the promo consistently for over 20 years to give back to the consumers at the end of the year.

The promo was also part of the company’s 25th anniversary which kicked off last year with the company rewarding its customers with instant vouchers ranging from N20,000 to N200,000.

The Deputy CEO said the company would ramp up its investment in Nigeria through diversifying into other business ventures like the Auto Assembly plant, saying Mikano believes in the local content initiative of the Federal Government.

He said, “The economy has been good. We are committed to enhance and improve our business. We are part of the Nigerian economy and we believe in Made in Nigeria. So we are progressing and improving our business in Nigeria.”

“We have been investing in the Nigerian market for over 26 years, providing excellent delivery and service for all our partners and consumers.

“And every year, we celebrate the New Year and the festive year with everybody in Nigeria by offering special promo and special gift in November, December and January.”

Orunko Samuel, a vetting officer with APCON said the raffle draw was done real and in compliance with the council’s regulations.

Mikano International Limited, since its establishment in 1993, is recognized as a leading solution provider and a preferred partner in the electrical, mechanical, steel fabrication and general civil work industries in the country.

Source: Daily Trust