Notore Chemical Industries Plc has fixed March 8 to conclude the Turnaround Maintenance (TAM) programme to achieve nameplate capacity of 500,000 metric tons per annum (mtpa).
The Group Managing Director and CEO of the firm, Mr. Onajite Okoloko disclosed this in the unaudited results for the first quarter ended on December 31, 2020.
Okoloko also said Notore recorded N3.57 billion revenue in the first quarter of 2020.
On the status and merits of the TAM programme, he said, “The programme is expected to be completed by 8 March 2021, barring any further interruptions occasioned by the global COVID-19 pandemic emergency.
“Once completed, we expect a significant improvement in the plant’s reliability and production output to meet and sustain its 500,000MT per annum nameplate design capacity.”
He noted that the company is aggressively pursuing its diversification programme in seed and rice production.
“The sale of Notore seeds to Nigerian farmers has also continued in furtherance of our corporate vision to be a major contributor to the development of Africa.
“This year, we expect to continue the pilot programme followed by a test run of over 5,000 bags of high-quality Notore rice in the market this February.”