$20M injection into economy and counting
Fero Samoa has injected more than $20 million directly into the economy as it remains one of the biggest exporters said the company director Sam Fulton during their celebrations mark achievements on Tuesday.
The company specialising in integrated wire technology solutions, wiring looms, component supply, sub-assembly and manufacturing solutions has been working with the biggest manufacturers worldwide offering them manufacturing, assembly and supply chain solutions.
Fulton said the company has been generating livelihoods, providing new opportunities, funding education, and supporting villages.
"We have over 140 staff here who are highly trained in complex manufacturing requirements. In an industry such as ours, success is only possible through the capabilities and efforts of the team involved. Samoa has the talent, dedication, and determination to produce high-quality products and compete on the global stage," he said.
Fero Samoa's products or target markets are the United States of America, New Zealand and Australia. Fulton has confidence in Samoa's products being exported overseas. He called for more assistance from the government.
"Manufacturing will add more to our GDP, manufacturing will create more sustainable jobs and career pathways for Samoans. We are showcasing to the world that Samoa can compete in quality, efficiency and reliability. And should be taken seriously, it's a legitimate option for the production of goods. We have the numbers, we have the talent and the determination."
Fulton believes that with the continuous support of the government and the collaborative efforts of all stakeholders by uniting under a goal which is to create an environment where manufacturers not only succeed but flourish.
He said they should also target foreign businesses to commit capital and resources to making Samoa the Manufacturing hub of the Pacific.
Fulton called for a partnership between policymakers, industry experts and community leaders.
Prime Minister Fiame Naomi Mata'afa said they were building a path to prosperity for today's and future generations together.
"One key outcome remains clear to create a diversified and sustainable economy. One that is driven by innovation trade and strong manufacturing. Today, I want to talk about our commitment to fostering partnerships with the private sector including export-oriented and manufacturing," she said.
"A thriving private sector is a critical pillar for economic growth and manufacturing stance is one of the essential products. As the government, we have a responsibility to create an environment for private sector growth and foreign investment.
"Our commitment to enabling foreign investment provides an opportunity to bring in new knowledge with technologies and new capabilities. These investments will allow us to build on existing strengths, diversify our economy, and create jobs for the future.
"I would like to take this moment to highlight Fero Samoa as an essential partner in our efforts to further develop the manufacturing sector by expanding its production capacity and increasing exports. Fero Samoa is contributing to economic growth and setting the stage for more foreign investments in the sector."
Fulton said the government should establish technical working groups, a partnership between policymakers, industry experts and community leaders to tackle issues such as competitive duties, power security, and freight costs.
He said it not only draws foreign investors in but keeps them in for the long haul.
Fulton said if foreign investors see that Samoa has the best terms and support, they will commit their capital and resources.