Eveready East
Africa Limited has signed a partnership deal with Sayyed Engineers Ltd of Pakistan, Chloride
Egypt SAE, and Supreme Imports as it seeks to drive its diversification strategy
agenda.
Under the deal,
Sayyed Engineers Ltd will supply a range of writing instruments including
marker pens, ball pens, fountain pens, pencils, rubbers etc. Chloride Egypt SAE
will supply car battery TURBO®; and Supreme Imports Ltd will supply a wide range of lighting
products including incandescent and energy saving bulbs under the brand name
EVEREADY.
Speaking at a media
briefing in Nairobi, Eveready East Africa Ltd Managing Director Jackson Mutua
said: “Last year, Eveready Board took a bold step to steer
the company towards diversification leading to the closure of our manufacturing
plant in Nakuru. The strategy is hinged on bolstering the businesses’ commercial
operations and involves product diversification, regional expansion, and
strengthening our route to market programs.”
“The move was aimed at ensuring that Eveready remains profitable,
efficient and competitive,” he added.
“Like many
consumer-driven entities, Eveready East Africa is increasingly viewing its manufacturing,
marketing and distribution and means of achieving greater efficiencies without
impacting negatively on the consumer. An upshot of the review is the
implementation of the five year strategy that places diversification at the
center of company’s business,” said Mr. Mutua.
Sayyed
Engineers Limited, on the other hand, pioneered ballpoint pen
manufacturing in South Asia when such precision engineering (tip manufacturing)
in the production of ballpoint pens was thought to be possible only in the
advanced countries.
“This
partnership is important us as we enter into the Kenyan market,” said Sayyed
Engineers Managing Director Savail Hussain at the signing ceremony in Nairobi.
“We chose to partner with Eveready because of its strong brand and wide
distribution network and we believe this partnership provides a good Launchpad
into the East African market.”
Chloride
Egypt’s has built its product line based upon a tradition of quality and
durability and today, Chloride Egypt is recognized as leading manufacturer of
automotive batteries in Egypt. Additionally, Eveready has historical linkages through trade and
shareholder relationship with US firms Eveready Inc. and Energizer Inc.
“These are reputable companies
with longer history of manufacturing and import businesses. Sayyed Engineers,
for instance, is the largest producer of writing instruments in
Pakistan, it has been exporting its quality products to 14 other countries and
now Kenya,” Mr. Mutua added.
The
company expects to introduce five new products in household and personal care
categories by the year 2017. To further enhance its distribution capabilities
especially for the automotive batteries, the company has also signed a regional
distribution deal with Yana Tyres.
No comments:
Post a Comment