THE Remington Group of Companies made a significant investment when acquiring the former BSP Commercial Building in Lae’s Top Town, the company says.
The building was opened last Thursday by Remington general manager Matthew Maguire.
“We decided to invest in this building and in this (Morobe) province as well,” Maguire said.
“With it comes the opportunity for staff and we’ll continue to do that across the country. It’s slow but sure as you know there are areas out there which are very underdeveloped and we will slowly but surely pick what we want to develop in those areas and invest into those provinces as money come in,” Maguire said.
He preferred not to comment on the Lae investment and the acquisition of the building along 6th street but said it was “an enormous investment that we are going to get a lot of sales now to pay it off.”
“We’ve got a block in Port Moresby which we will be developing into something bigger and better, it will be a building that is ready made and a property that can start from the ground up and move forward from there built specifically for the industry and the city of Port Moresby,” he said.
Maguire and his senior management team were joined by Konica Minolta Business Solutions General manager Eric Holtsmark, signifying the importance of Remington Technologies in the country.
On its relationship with Konica Minolta, Maguire said they are a platinum dealer for the Australian based company which has supported them since 1997 to push their products out.
“We are a platinum dealer so we are significant dealer as far as the Australian dealership is concerned,” he said.