West African Ceramics Limited (WACL) plans to invest about N8 billion on the establishment of a state-of-art ceramic tile factory in Ogun State.

Group Executive Director, West African Ceramics Limited, Alhaji Lawal Idirisu, who made this known during a courtesy visit to the Commissioner for Commerce & Industry, Ogun State, Otunba Bimbo Ashiru, said the company plans to invest $50 million on a ceramic tile plant in the nearest future due to rising demand for European standard quality tiles in Nigeria and across the Sub-Saharan West African region.

The firm has been manufacturing tiles in Nigeria since 1995 under the name Royal Ceramics. It changed to its current name in 2009. The company is the premium producer of Porcelain, Vitrified and Glazed tiles in West Africa.

According to him, market demand for quality tiles as obtainable in European countries such as Spain and Italy is rising on an alarming rate owing to the trends in the home, property, and real estate industry.

Idirisu, who was accompanied by the Group Consultant, Alhaji Abdul Balaya, noted that although the company’s factory in Ajaokuta, Kogi State is fully operational to capacity, meeting both domestic demands and export to the West African market, the company is being proactive based on consumer and industry insight, and research to establish another production plant.

“Beside the availability of raw materials in quite enormous quantity, Ogun State is a viable commercial hub of industries with enabling climate and good governance and this will only improve our distribution system as well,” Idirisu said.

Ashiru commended the investment plan and the choice of Ogun State assuring that the state would provide constitutional support in ensuring the investment is realised.

He said the economic benefits of the ceramic tiles plant to the state and the people of the state are enormous noting that the new plant implies job creation for several people and good impact on the state.

Reacting to the issue of smuggled products and importation of products into the market, he said “substandard products will naturally find their way out of the market and eventually close shop as they cannot be sustained competitively.”

Ashiru urged the visiting team to remain determined in the expansion plan and assured them of all necessary support the state can possibly accord.

payless: Ogun is the next big thing in Nigeria. South-west is on the up side.

warlei:
West African Ceramics Limited (WACL) plans to invest about N8 billion on the establishm

Otunba Bimbo Ashiru, said the company plans to invest $50 million on a ceramic tile plant in the nearest future due to rising demand for European standard quality t

curiouslad:

payless: Ogun is the next big thing in Nigeria. South-west is on the up side.

nitrogen:
Mumu!

curiouslad:

ilugunboy: There must be a reason for this mad rush into Ogun state by investors.......

payless: Ogun is the next big thing in Nigeria. South-west is on the up side.

SLIDE waxie: If this performing individuals were in the east, some people will pay the youths, who were supposed to be taking their future by the horn some N500, and the next thing is them protesting and asking for the govnr to be probed and brought down!!

They practically halt progress in that neck of the woods, just for some Godfathers to get richer and establish in the SW and bring there sorry asss over to sell yoghurts and chin chin at the road sides!

To them, that is the future!

geeez: Ogun and development sha

Even if the state was growing at half the pace it is, it would still be very remarkable by the standards of some states that don't have the wherewithal to keep their citizens home

striker9: Omo ogun ise ya.

Exponental:
this "ise" has not "ya" yet. It's still a plan for d nearest future. How near d future is, we dont know, cos it's still a subject liable to review.
so..............
omo ogun, emu ra sile!

geeez: Ogun and development sha

Even if the state was growing at half the pace it is, it would still be very remarkable by the standards of some states that don't have the wherewithal to keep their citizens home