Business
MAN Diesel & Turbo opens Nigerian office
MAN Diesel & Turbo, providers of large-bore diesel, gas and dual-fuel engines has opened its Nigerian office as part of plans to grow its business affiliations and strengthen partnership with the country.
On the formal opening of the office, CEO of MAN Diesel & Turbo, Dr. Uwe Lauber said “We have been doing business in Nigeria for a long time. Now we are resident in one of Africa’s most economically powerful cities”.
According to him, “Our African history reaches back as far as 1951, when our first engines were installed in Mali and Senegal”. Today we operate from offices and service workshops in South-Africa, Senegal, Kenya, Angola and Namibia with a team of over 300 employees.”
He stated that by deepening its local footprint the company hopes to further grow its business affiliations and strengthen partnership with Nigeria.
New Managing Director for Nigeria Adedayo Olowoniyi, who will be leading the Lagos office, noted, that the company sees tremendous market potential in Nigeria, and that “The privatization of the local power market is driving investment and with only about 5.5 gigawatts installed today, there is a substantial need for additional decentralized generation capacity. The country’s overall economy is growing substantially and our products can help companies secure their energy supply without having to depend on the public grid.”
With the new office, he considers MAN Diesel & Turbo to be well positioned for future endeavors in Nigeria and beyond. “Lagos is the country’s commercial capital, which is why we have chosen it as our first and main office”, he said.
Before taking on this new role, Olowoniyi was MAN’s Chief Financial Officer for the Sub-Saharan region.
The German Consul General, Ingo Herbert who congratulated MAN Diesel & Turbo on the occasion of the foundation and opening of the company’s new Lagos subsidy, said, “Out of the approximately 50,000 German companies, that are active on a global level, only about 1,000 are present in Africa so far.
“MAN Diesel & Turbo is one of them. While MAN’s world famous trucks have been a familiar sight for many years, I am very pleased that people and companies in Nigeria now also have direct nationwide access to this company’s great high technology solutions in the field of energy generation. The government and society of Nigeria are determined to tackle the current challenges in electricity supply and I am confident that MAN Nigeria Ltd. will make an important contribution here.”
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“There are strong dynamics in many African markets,” says Martin Kalter, Senior Vice President at MAN Diesel & Turbo and Head of the company’s African power plants business. “We are currently building plants in Senegal, Niger and Burkina-Faso. In late 2013, we handed over the first gas-fired power plant that we ever built on the continent, in Gabon, to the client. 2014 saw another African premiere, when we commissioned an engine-combined cycle plant in Kenya,” explains Kalter.
He also points out that the company’s African story is ongoing. “Like in the rest of the world, use of natural gas is increasing. Our gas engines, dual-fuel engines and gas turbines are an excellent fit for gas-rich regions, where distribution infrastructure is already in place or developing, such as in parts of Nigeria, for example.”
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