The Management of Berger Paints PLC has said that it is in the final stage of factory acceptance testing to its N2 billion automated water-based paint factory which the manufacturers will handover in December.
Chairman of the company, Mr. Abi Ayida made the disclosure in Abuja when he led members of the Board and Management team on a courtesy visit to the Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo.
He told the minister that the plant which represents a N2 billion investment would help create jobs for Nigerians, strengthen the Naira and sustain the local paint market. The Chairman described the project to be formally commissioned in Q1 2020 by Adebayo as first of its kind in Sub-Sahara Africa, as it conforms to international standards.
He said the new fully automated factory is expected to activate the industrialization era of the paint sector in Nigeria as this will be the trend going forward.”
Ayida, however, called for improved access to forex for raw materials, which according to him account for about 80 per cent of the industry’s inputs.
In his remark, the Minister appreciated the visit of the team and pledged the Federal Government’s support for its investment drives.
“One of my mandates here following my appointment by President Mohammadu Buhari is to support private sector industrial growth. We are proud of what your Management is doing and we are ready to support you. I am not unaware of some of the challenges facing the paint industry in Nigeria. But we are working round the clock to address them,” he said.
The Minister noted that to create jobs, eradicate and take 10 million Nigerians out of poverty, the federal government must focus on industrialisation and agriculture.
The Company which has 100 per cent indigenous ownership commenced operations in Nigeria in January 1959.
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