Magdavies CEO, KH Hsu Sign Strategic MOU in Tainan City, Taiwan

The CEOs of Magdavies Nigeria Limited and Chiff Technology Inc Chief David Ademola Adejuwon, Erstwhile Nigeria Ambassador to the World Trade Organization and KH Hsu have signed a strategic MOU in Tainan City, Taiwan .

The two companies agreed to form a robust and strategic partnership to invest, facilitate and promote trade and investment in high technology industrial sector including machinery and equipment, ICT, Oil and Gas, Automobile, Smárt Agriculture and Agricultural value chain, mining, renewable energy.

Others are health care, environment management, productivity improvement technology, comprehensive logistics handling solutions, Automated Factory Construction planning, Automated warehouse design, manufacturing and installation, Advanced factory automation production system implementation, Customised mechanical/mechatronic /robotic products etc. in Nigeria.

The private sector driven initiative, according to the MOU, will complement Governments efforts in helping companies and institutions in Nigeria and Taiwan to explore or discover the huge business and investment opportunities, assisting the small and medium enterprises particularly, in Taiwan to gain a foothold in Nigeria and to a large extent, West Africa thereby, increase substantially, the volume and value of trade in goods and services between Nigeria and Taiwan.

The private sector driven initiative will also foster a very strong economic and cultural ties as well as enhance Foreign Direct Investment between Federal Republic of Nigeria and ROC (Taiwan) on a win-win situation.