AFRICA considerably via the introduction of first of its kind ‘ In-Plant & Point of Sale Tinting System ’ of our conventional , locally manufactured paints . Since our majority shareholder , UAC of Nigeria , took a 51 percent stake in 2013 we have integrated our processes and a lot of seminars and staff training has taken place to ensure we retain highly skilled staff .
“ We have a full-fledged Risk & Compliance Policy which we have continued to follow rigorously through periodic audit of our operations by both External Auditors and our full-fledged Risk & Compliance Unit . We are also ISO Certified .”
Portland Paints source input materials and merchandizing products both locally and abroad . For most of its locally sourced materials , it operates a Vendor Management Inventory ( VMI ). By this process , it warehouse suppliers ’ goods and the goods are not invoiced until it has used them in production . This has assisted the firm a great deal in the management of its working capital .
The company has improved considerably in its product offerings in the decorative segment of the business . Aside from the marine and protective growth lines , it will also deepen the industrial and automotive segment by capitalising on recent government policy in the automotive industry . On accomplishment of this objective it hopes to have gained a substantial share of the Nigerian paints . industry ; it looks well set to achieve this goal .
Company Information
INDUSTRY
Paints and sanitary ware
HEADQUARTERS
Lagos
FOUNDED
1985
EMPLOYEES
200
REVENUE
Not disclosed
PRODUCTS / SERVICES
Paints and sanitary ware www . portlandpaintsng . com 59