In a strategic move to meet the surging demand within Nigeria's energy sector, Metal Manufacturing Nigeria Limited (MMNL) has announced plans to invest $50 million to scale up its Tubular Batteries Production. The investment aims to double the company's expansion capacity to 60,000 pieces per month within the next financial year, with a broader objective of reaching 100,000 units over the next five years through backward integration.

MMNL, Nigeria's largest tubular battery company, is diversifying its business verticals through backward and forward integration, including forays into the mining segment. This multifaceted approach is aimed at maintaining a competitive edge in the market and ensuring sustained growth.

Despite facing numerous challenges over the past five years, including a scarcity of skilled manpower, supply chain constraints, and infrastructure inadequacies, MMNL has persevered. The company has adopted proactive measures to address these challenges, including extensive technical training programs for locals to enhance their skills and investments in manpower training. Additionally, MMNL has ventured into the mining business, set up beneficiation plants, and diversified into plastic container and carton manufacturing to secure a steady supply of raw materials.

Mr. Amit Kumar, CEO of Metal Manufacturing Nigeria Limited, highlighted the company's achievements, stating, "MMNL has achieved stable production of 30,000 units per month by 2024, dominating over 35% to 40% of the market share." He emphasized the company's commitment to quality, innovation, and local employment generation.

To further strengthen its position, MMNL plans to complete its end-to-end supply chain cycle through backward and forward integration, including the establishment of a new battery greenfield production plant by 2027-2028. Geographical expansion, multi-channel partnerships, and leveraging eCommerce and digital channels are also part of MMNL's growth strategy.

With over 14 years of manufacturing experience in Nigeria, MMNL has established itself as an industry leader, recognized for its quality products and significant contributions to the local economy. The company's recent accolades, including winning three ECOWAS awards, further underscore its commitment to excellence and innovation.

About Metal Manufacturing Nigeria Limited (MMNL):

Metal Manufacturing Nigeria Limited (MMNL) is the largest tubular battery manufacturing company in Nigeria, with over 14 years of industry experience. The company, known for its 'Proudly Made in Nigeria' brand, provides over 1000 direct and indirect local employment opportunities and has received pioneer status accreditation from the Nigerian Investment Promotion Commission (NIPC). With a strong network of channel partners and a half million satisfied customers, MMNL continues to lead the way in the energy sector.