3M, a well recognized technology company specializing in research and development, announced that it is venturing to the Kenya and Nigeria markets, in a move to expand its geographical presence in the Middle East and Africa (MEA) region.
As part of its robust growth plan for the MEA region, the company will establish a subsidiary in Kenya and Nigeria while organizing the expert front end and human resources to manage key market segments and end users in the East and West African countries.
3M said the business operation in Kenya will also encompass neighboring countries like Ethiopia, Tanzania and Uganda.
Irfan Malik, Area Vice President for 3M MEA, said the company’s geographical expansion across Africa is driven by its underlying strategy to improve its footprint in emerging markets by enhancing customer significance with the help of 3M’s proven global technology platforms.
He added that the company will also focus on key industries that have the potential to grow double-digit in the coming years.
The company’s business operations in Kenya will be headed by Debasish Gupta while the Nigeria operation will be led by Gregory Peter.
The MEA region is one of the fastest growing portfolios for 3M, and the company said it is committed to inject new investment across key markets as well as launch tailor-made innovations related to the specific needs of industries operating in the MEA region.
3M added that its initial focus on Kenya and Nigeria markets would be on leveraging key business units of 3M portfolios, including consumer, healthcare, and office businesses as well as transportation and industrial segments, which will target oil & gas, safety and infrastructure industries across Africa.
With total sales of approximately $30 billion, 3M has business operations in over 65 countries and employs more than 84,000 people in its markets around the world.