" ITREALMS: Omatek plans multi-billion factory in Nigeria


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Wednesday, February 15, 2012

Omatek plans multi-billion factory in Nigeria

Leading computer manufacturer in the country, Omatek Ventures plc, has advanced plans to invest billions of naira on a new factory.

The Managing Director and chief executive officer, Omatek Ventures Plc, Mrs. Florence Seriki, made this disclosure recently in a chat with ITRealms Online, saying that it’s aimed at consolidating on the company’s achievements and its extensive presence in Nigeria and West Africa sub-region.

She noted that the company, which turned 25 last December, has continued to be the only quoted computer manufacturing company on the Nigeria Stock Exchange.

“It has led the increasingly competitive Nigerian ICT market as the only company in East, West and Central Africa that produces computers and casings from completely knocked down (CKD) components sourced from the highest grades of manufacturers to give all Omatek computers the requisite world-class standards comparable to any other foreign brand,” she said.

Mrs. Seriki noted that Omatek exited the SMEIS scheme through a Private Placement undertaken by former Afribank Capital which eventually culminated in the company being listed as the first computer manufacturing company on the Nigerian Stock Exchange in July 2008.

“Since then, Omatek factory has come up with various initiatives to drive and sustain the Minimum Order Quantity (MOQ) requirement of the first class manufacturers of raw materials,” she said, adding that one of such initiatives was the Omatek e-Xpress consumer scheme designed to assist Nigerians own computers through a convenient payment plan which spans between 12 and 24 months. 

Further, she said that the new factory which takes-off immediately would include the new solar panel and the new LED bulbs and lighting factories.

“Our 24 hour solar-inverter-battery hybrid solution is a great innovation and is pioneered by Omatek and the first of its kind in Africa,” she declared.

This by itself, she said is a major income revenue to provide 24 hour light and power to homes, offices, schools, hospitals and hotels among others.

Mrs. Seriki reaffirmed this in Lagos at the weekend, proclaiming the new phase of growth for the company.

“It will interest you to know that Lighting and Power Solutions were provided via this solution in conjunction with special Omatek LED bulbs.  These Bulbs last three to five years without maintenance and our regular 42W Flourescent bulbs had been reduced to 9W for 2ft and 13W for 4ft bulbs; thus reducing consumption by over 85 per cent,” she explained.

As said by the Omatek boss, the management has advanced strategies to tidy up financials with funding instruments from both offshore and local partners.

Omatek, she said, recorded over a billion naira turnover last year from not just its existing computer products, but also from its newly innovating products such as the 24 hour Solar-Inverter-battery Hybrid Solutions sold to schools, offices and homes.

She therefore, said Omatek was re-kitting its financial base to consolidate and expand its portfolio of services available through its Consumer Scheme Finance and Omatek Resource Centres.

ITRealms Online recalled that since inception, Omatek has grown to become one of the continent’s leading brands in addition to opening a factory in Ghana over years ago as part the company’s pan-African vision.

Additionally, Omatek has won global accolade and got the endorsement of the International Telecommunications Union (ITU) about four years ago as a driver of technological change in Africa and from software giant Microsoft, it got recognised as the No.1 PC manufacturer in the West and Central Africa (WECA) region.

Equally, Omatek’s strong performance record in nation’s public sector was described  about six years ago by then President Olusegun Obasanjo as a product of “vision and resilience,” during the official launch of its brand in Nigeria by the former president in Aso Villa.

Further, Obasanjo described Omatek as a testimony that government’s policy of having a private sector-led economy was working, as such, Omatek has created a benchmark for other enterprises.

Remmy Nweke

ITREALMS Online ... delivering news for ICT4D

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