LAGOS, BERGER PAINTS MAY ENTER PARTNERSHIP ON INFRASTRUCTURE

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LAGOS, BERGER PAINTS MAY ENTER PARTNERSHIP  ON INFRASTRUCTURE
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Barring unforeseen circumstances, plans are underway by the Lagos State Government to enter into strategic partnership with a frontline manufacturer of paints and allied products, Berger Paints Nigeria Plc.

Details of the partnership are still hazy, but there are strong indications that it may not be unconnected with execution of the state government’s infrastructural projects in the areas where Berger Paint’s premier products are required.

Besides, the partnership may dovetail into establishment of a paint academy, where the company shall support the government in the area of skill acquisition on mutually agreeable terms and conditions.

Addressing some Lagos State top functionaries recently, perhaps, the first in the series, Berger Paints’ Chairman, Mr Abi Ayida explained that the company had been operating optimally and profitably despite the challenging business environment because of its innovative policy, dynamic board and management and tested human capital.

Ayida, who led the company’s directors and management on courtesy visit to Governor Babajide Sanyo-Olu hinted the Lagos State Government on Berger Paints’ new automated water-based paint factory, the first of its type in Sub-Sahara Africa, commended the government for placing premium on development of infrastructure . He noted that Berger Paints had a lot to support the government in execution of its infrastructural projects, especially road and real estate.

“Berger Paints Nigeria Plc is the only paint manufacturing company in Nigeria actively operating in the four key segments: Decorative and Architectural Coatings, Marine and Protection Coating, Automotive Vehicle Refinishes and Wood Finishes.

“The company has a reputation for being the first in setting standards in the paint industry. Recently, the company completed its fully automated Water-Based Paint factory, the first of its kind in Sub-Saharan Africa with products of international standard. The plant has adequate capacity for large volume production with derived benefits of increasing local capacity, thereby reducing importation of finished products and consequently strengthening the Naira.

“The quality of paints from the automated factory can compare with global industry standards, hence, there is no compelling reason to patronize imported brands for use in Government establishments. New industry standard will be set locally, thereby improving the quality of Made in Nigeria Paints. The new fully automated factory is expected to activate the industrialization era of the paint sector in Nigeria.“, said Ayida.

Responding, the Lagos State Deputy Governor, Dr. Obafemi Hamzart, who repre the Governor, eulogized Berger Paints’ management for the company’s trail blazing in many areas of its operations. Hamzart particularly commended the company for coming at the right time when the state government is giving priorities to infrastructure development. He assured the company of government’s willingness and preparedness to partner for development projects, including capacity building.

…About Berger Paints

Berger Paints Nigeria Plc (BPN Plc) is the first indigenous paint manufacturing company in Nigeria. The company commenced operations in Nigeria on 9th January, 1959 as a paint trading company
In 1962, Berger Paints established the first paint manufacturing factory in Nigeria and commenced local production. It was the paint company listed on NSE in 1973. Unbroken record of responsible corporate citizenship. 35,000 shareholders who receive dividend unfailingly annually since its over 60-year of operation.

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