Vitafoam begins mass production of sandwich panels for construction industry

By Providence Obuh

Vitafoam Nigeria Plc is set to commence mass production of sandwich panels for the construction industry, following installation of continuous panel production plant. Chairman, Board of Directors, Vitafoam, Dr. Bamidele Makanjuola, said this at the Annual General Meeting for the financial year ended, September 30, 2014.



Makanjuola said that the company is positioned to take advantage of untapped potentials in the construction industry, saying “In the current financial year, we expect our rigid polyurethane subsidiary (vitapur) to come on full steam with the installation of continuous panel production plant and commencement of mass production of sandwich panels for the construction industry.
“The System House Project of this subsidiary, assisted by the UNDP, is also expected to commence commercial blending of chemical for the industry. “The current global trend in housing construction and the upswing of inquiries and nascent patronage from government (at both the federal and the state levels) and the private sector should bolster the contribution of this subsidiary to our overall growth in the year ahead.
I remain confident that this unit is the flagship and future of our business and all efforts shall be made to unlock its full potential, he said. He pointed out that the year under review was created by uncertainties arising from insecurity to tightening of monetary policy by the CBN which left commercial activities paralysed especially in the north-central and north-east geopolitical zones where companies including vitafoam distributors have been displaced and left adrift.
Meanwhile, the Directors further explained that the Vitapur in partnership with the UNDP pioneered a chemical blending factory as a unit of the operations of the company. They stated further that the project when completed will afford vitapur the opportunity to sell chemicals to other producers of sandwich polyurethane in Nigeria and West Africa sub region using environmentally friendly raw materials.
“The system house will also supply the parent company (Vitafoam) chemicals that are used in the production of reconstituted and flexible foams. This will afford vitafoam the advantage of just-in-time procurement of chemical materials for use without the need to stock.”