Stakeholders have scored Cutix Plc for its successful operations in the country in the last 40 years despite the prevailing harsh economic conditions.
Cutix Plc is a Nigerian company that specialises in the production and distribution of electrical, automotive, and telecommunications wires, cables, and related products.
The stakeholders, industrialists and politicians in the country, delivered their commendations at a reception organised in honour of the retiring Chairman and Co-Founder of the Company, Ambassador Okwudili Nwosu, in Nnewi, Anambra State.
In a statement, the Founder, Ajulu Uzodike, said, “My brother and friend has been with me all through the 40 years and I must admit that it has been an eventful and successful relationship.”
Uzodike, however, expressed the hope that Nwosu would continue to be part of the Cutix family.
Also speaking, Nwosu expressed his happiness over the success story of the company.
He described the founder as a brother and friend whose interest in the company was to contrive to create an avenue for all and sundry to create wealth through partnership.
Commenting, the Presidential candidate of the Labour Party in the 2023 general elections, Mr Peter Obi, described Uzodike as an outstanding entrepreneur who had been able to create wealth for stakeholders of the company, as well as a great employer of labour.
Obi lamented that successive governments in the country had not found it necessary to empower and encourage local manufacturers.
“Unless the Federal Government decided to do the right thing by supporting these companies, they cannot go very far and they need support because they are those that create jobs,” he said.
