The federal government has reiterated its commitment towards boosting foreign exchange earnings for
The Minister of Environment, Dr.
Abubakar stated that the technological innovation has potential to enhance
"Availability of Ozone-friendly and Low Global Potential blowing agents in the production of rigid foam. Generation of foreign exchange for the country from export of Methyl formate and foreign exchange savings from local production. Building of local capacity in the formulation of Methyl formate-based systems and consequently generating employment and wealth.
"The Methyl formate systems will serve as source of raw material to ice making machine manufacturers. The project will lead to increased capacity utilization in enterprises that will be using the Methyl formate being produced by Vitapur," Abubakar said.
In his welcome address, Group Managing Director and Chief Executive Officer,
"I will like to crave the indulgence of the Minister to use your good office in engendering government policies that will foster an enabling environment for private entrepreneurs to set up Sandwich panel production lines across the six geopolitical zones in
"For example, the current tax regime that subjects one of our major materials (pre-painted galvanized induced steel) to five per cent import levy and 40 per cent Customs duty while imported insulated panels are granted import levy and Customs duty waiver is a major disincentive to local manufacturers. This has a huge impact on our cost of production and ability to compete with imported finished products.
" In addition, I will like to advocate speedy approval for the commencement of HPMP phase II with Vitapur and outright ban on importation of ODS PU chemicals and products into
Chairman of Vitafoam, Dr.
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