CUTIX PLC Company Profile

CUTIX PLC

The idea for the Company was conceived in 1981, by Dr. (Engr.) Ajulu Uzodike and then decided to leave Raychem Corporation, a major international manufacturer of aircraft & military wares and accessories, to set up an indigenous firm to manufacture electrical cables and switchgear assemblies. Adtec Ltd, a venture capital and management firm, which were incorporated in 1978, started the two projects as separate divisions in 1982. Cutix Plc was incorporated on November 4, 1982 as a Private Limited Company, manufacturing electric cables and wires. Manufactures and sells electrical, automobile, and telecommunication wires, cables, and related products primarily in Nigeria.
 
By mid-1983 some friends and relations of the founder and foundation staff handling the projects were invited to invest in the projects initiated by Adtec Ltd. After the private placement, 18 founding shareholders emerged which took over the business of the cable division of Adtec Ltd, Cutix Ltd with a start-up capital of N400, 000.00.
 
The Company started production with one extrusion line in 1984 and has been in continuous production with the capacity to produce various cable and wire products. They added a second line in 1985 and by 1986, several wire - processing lines were added to achieve integration par with leading cable makers in Nigeria and elsewhere in the world. All the machines were specified, installed and commissioned by members of Cutix staff which is 100% Nigerian as a deliberate policy they also incorporated as much locally fabricated parts as they could without lowering the overall quality and efficiency. Our belief in the value of integration is so strong that during the difficult days of import licensing, 1984 – 1986, the Company used the bulk of the licenses obtained to buy machinery for forward and backward integration.
 
In 1992 the Company went a step further to become the first cable manufacturer to acquire a plastic compounding line. Between 2000 to 2007, with a view to expanding their product lines and capacity, Cutix installed and commissioned a number of machines, which include LBTS, F13, F-Shaw, Armoring Line, and Cabling machine among others.
 
Cutix Plc started manufacturing at Nnewi in a 1,000m facility she rented from Adtec Limited. By 2009, they moved all their machinery to their own factory premises. Production now goes on at the new site, which has about 6,000m covered area while the head office complex stands adjacent to the production plant. 
 
In 2014, Cutix Plc added another feather to her well decorated cap when she built and commissioned a new state of the art factory adjacent to the first one and dedicated it to the production of all sizes of armored/non armored cables, XLPE cables, PolyEthylene cables and other types of power cables. This singular act positioned Cutix Plc as one of the leading cable manufacturing companies in Nigeria in terms of capacity. Additional area of 5500m of land where the Companies power cable plant is situated was acquired in 2014. 
 
BOARD OF DIRECTORS
 
AMB. Okwudili Nwosu-CHAIRMAN
MR. Muritala Ariyo Olushekun -DIRECTOR
ENGR. Matthias Umego- DIRECTOR.
MRS. Ijeoma Chichebe Ezeasor -DIRECTOR
MR. Ike Godwin Okonwo- DIRECTOR
DR. Chidozie Nsoedo- DIRECTOR
BARR. (MRS.) Ifeoma Regina Nwahiri- DIRECTOR
MRS. Ijeoma Agnes Oduonye- CHIEF EXECUTIVE DIRECTOR
  
AWARDS
 
·      NIS Certificate of Products Quality (NIS Certification Mark) of the Standards Organization of Nigeria (SON) for excellence in Product Quality every year in the following categories – Gold since 2003; Silver since 1998 and Bronze since 1995.
·      Award; for Excellence in Product Quality of Automobile cables by The Nigerian Automotive Council (NAC) in 1999.
·      Annual President’s Merit Award; of The Nigerian Stock Exchange for Corporate Excellence a record seven (7) times.
·      The Best New factory Award; from the Anambra State Government in 1987.
·      The NIS-ISO 9001:2008, International Quality Certification Scheme by the Standards Organization of Nigeria in 2008.
·      The Presidential Merit Award: by the Nigerian Society of Engineers in 2009.