By Michel Cousins.
Tripoli, 2 February 2014:
Maltese engineering services company Motherwell Bridge has been appointed representative in Libya and Malta for German tool-maker Hoffmann Group.
For Hoffman, which last year increased its turnover last year by 10 percent to almost €1 billion, this is its first venture into the Libyan market.
Under Libyan regulations, non-Libyan firms cannot act as agents for a foreign company. However, that does not apply in this case as Motherwell Bridge, through its involvement in Malta-based Hili Company, has a local Libyan partner and a local office in Janzour.
Munich-based Hoffmann makes some 55,000 different types of tools and machinery from small screwdrivers to highly specialised industrial and pharmaceutical tools and workshop accessories.
The company sees Libya as a “market opportunity” which it wants to develop.