ZEETIN Nigeria leverages JMT Turkey to export metal products to global markets
Ben Eguzozie is business a.m. regional lead based in Port Harcourt, providing regional and national coverage for economy, business and finance
You can contact him on ben.eguzozie@businessamlive.com with stories and commentary.
ZEETIN Engineering Limited, a Nigeria-based company has signed a memorandum of understanding (MoU) with JMT Usa Makina San. Ve Tic Limited STI, a U.S-Turkish engineering and manufacturing company, to begin exporting its products to the international market.
The MoU is for an initial period of six years, commencing in August 2022, and it is subject to renewal after the first tenure, according to Austin Ekeinde, the branding manager of Zeetin Nigeria.
Zeetin, a precision engineering company, is into manufacturing of various heavy-duty metal products, spare-parts, among others, needed in the aviation, construction, railway, marine, oil and gas, automotive, and agriculture industries; while JMT is an international machine-making company and supplier of machines and other products across the world.
The symbiotic business relationship will see Zeetin leveraging on JMT’s network of customers to sell its products across Africa, Middle East, Europe and Asia – in countries like Cameroun, Turkey, Saudi Arabia, United Arab Emirates, Algeria, Ghana, Morocco, and India; while JMT will be exporting some machine parts, and electrical and electronic parts to the Nigerian firm.
In the MoU, the Turkey-based company will supply the spare parts of Zeetin machines, including the sensitive parts of the electronic parts of Zeetin products; and also act as the technical partner of Zeetin Nigeria, to collaborate and design and manufacture products together.
The synergy between the two engineering and manufacturing companies also covers the areas of expertise, capacity building, marketing, manpower development, engineering and technology advancements, research and development, and many more.
Zeetin and JMT have been collaboratively doing business together for a while, with JMT supplying various machines to Zeetin’s factory located in the Idu Industrial Area of Abuja, Nigeria’s federal capital territory (FCT).
Speaking on the significance of the MoU, Azibaola Robert, managing director of Zeetin Nigeria Ltd, said the partnership was very significant. “It is indeed a breakthrough for us (in Nigeria) as a country because this is the first time a Nigerian engineering and manufacturing company will start exporting heavy-duty metal products, spares to the international market.”
Robert added that in addition, the collaborative effort between Zeetin Nigeria and JMT would catalyse Nigeria to a net technology exporting country; and also save the country valuable foreign exchange. “It will boost our economy, create more jobs as well. So, overall, Nigeria will be the ultimate beneficiary,” he said.
Also speaking, the chairman of JMT, Serhan Yazicilar, said: “This MoU will further strengthen our business relationship with Zeetin Engineering; because they are our dependable partners in the engineering and technology industry, especially in Nigeria.”