In its bid to spread the Vitafoam brand to all parts of the West African sub region, Nigerian foam manufacturer, Vitafoam Nigeria Plc, has partnered the International Finance Corporation (IFC) to construct a new factory in Sierra Leone
According to the out-going Chairman of the company, Samuel Bolarinde, full-scale production in Sierra-Leone is expected to commence by the end of second quarter of 2013 to feed the local market and the adjacent countries.
Bolarinde disclosed this in Lagos at the company’s 51st Annual General Meeting (AGM) for the year ending 2012, which he presided over for the last time after being chairman of the company’s board for 10 years.
“The construction of a proposed foam factory in Sierra-Leone has commenced. The project is being financed by International Finance Corporation through a soft loan. Our activities in Ghana and Sierra-Leone will eventually spread the Vitafoam brand to all parts of the West African sub region,” he said.