PORTLAND PAINTS & PRODUCTS NIGERIA
Newly improved and repackaged Sandtex paints brands were unveiled during September 2014
Portland Paints & Products sits in prime position to gain even more Nigerian market share , after clever strategic planning has helped the company into a stronger state than previous years .
The organisation has grown to be a leading paints company with decades of experience in manufacturing , distributing , and marketing a wide range of decorative , automotive and industrial paints . This is as well as offering marine and protective coatings and sanitary ware that support the building , construction and oil and gas industries in Nigeria .
The firm started off as a small division of a larger manufacturing company , called West African Portland Cement ( WAPCO ), and it became a wholly-owned subsidiary of WAPCO in 1985 . WAPCO went through an ownership change from part-ownership by a British company called Blue Circle Industries , to majority-ownership by the French firm Lafarge , who decided to concentrate on core business , which meant that this division had to close .
Olufemi Oguntade , CEO of Portland Paints & Products Nigeria , said : “ We have improved our processes to gain on internal operational efficiency which has translated into much better profits for the shareholders . We grew the bottom line by 72 percent last year and now have over 200 staff .
“ It is a great achievement considering the many changes with have overcome in the
52 March 2015