Thursday, 30 May 2019

A WORLD CLASS PAINT MANUFACTURER, BERGER PAINTS NIGERIA PLC, RESTRUCTURES FOR GLOBAL COMPETITIVENESS

A leading manufacturer of paints and allied coating products, Berger Paints Nigeria Plc, has embarked on transformation initiatives to enhance its market dominance for the next 60 years. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

The initiatives, which cover the company’s structure, people, processes, and digital operations, have been endorsed by the company’s directors. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html He said the strategies to achieving these are anchor on a clear and integrated customer-focused global strategy, an innovative business model, organisation restructuring for resilience, sustainability and perpetuity, and retooled human capital and talent management.

This is just as shareholders also approved about N188.385 million as dividend, at 65 kobo per share. http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html The company’s financial statement showed revenue grew by 12 per cent to N3.377 billion in 2018, against N3.013 billion in 2017, while profit before tax stood at N454.3 million or 33.8 per cent above the N339.5 million recorded a year earlier.

Addressing the shareholders at the Annual General Meeting (AGM), in Lagos, the Chairman, Abi Ayida, said after due consultation with the various units in the company, and meetings with relevant stakeholders, it became imperative to reposition for global competitiveness and sustainable increase in return on investment (ROI).

Ayida noted that to put Berger Paints on the path of sustained profitability, the Board created the office of Chief Operating Officer to drive operations and technical aspects of the business, while Anjar Sircar was appointed the new Managing Director in charge of strategic business development decisions and marketing function. http://www.tectono-business.com/2016/06/are-you-estate-surveyor-or-property.html

Until his appointment, Sircar, who was the CEO, Elite Group of Companies, Bangladesh, is also an astute professional, who has wide and varied industry experience internationally. He was a member of the Executive Committee of Nepal India Chamber of Commerce and Industries (NUCCI), and India Nepal Business Forum.

Shareholders commended the Board and Management for the rapid improvement in all performance indicators in 2018. A shareholder, Lawrence Oguntoye, who urged the company to sustain the outstanding performance, also expressed concern on the effects of high taxes on the manufacturers in Nigeria. http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

Ayida attributed the company’s performance to collective efforts of the board, management and secretariat, and reiterated commitment towards value creation, while assuring shareholders of more opportunities for robust engagement. (Guardian)

Are you an exporter? Do you like to master the contemporary dynamics of non-oil export trade and avoid getting defrauded by the foreign buyers of your exportable products? Click on the link below: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html

Are you tired of your car’s same old look? Is your vehicle losing shape & colour? Do you desire your vehicle to look like a brand new one? Then, it is the right time to come to GOF Autos Limited for priming, panel beating, painting (with Sikkens paint) and oven baking at rate of N70,000 for cars and N80,000 for SUVs. For details, click: http://www.tectono-business.com/2017/06/gof-autos-limited-best-automobile.html

Have you ever imagines how the financial status of your company will grow when more than 20,000 CEOs and top managers of multinational companies pay for your products and services? For more information, click on the link below: http://www.tectono-business.com/2015/07/tectono-business-review-in-conjunction_21.html

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