Dear Vista Group Colleagues,
It’s a pleasure to address you all through this medium. 2019
Has been a very eventful year so for especially for us in Nigeria. We moved
into our Swanky new corporate office early this year and despite being a very
tough few years I am glad about the progress made by our Group in Nigeria.
We have consolidated our core activities and despite a
recession are on course to achieve our targets set for this year. Our efforts
to foray into the pharmaceutical business in Nigeria with the take over with
Sewell Pharmaceuticals Ltd has been completed and we will further enhance our
production facility here in Nigeria next year. Our new Notebook facility in Abuja
under the banner of Abuja Book Company is ready to take off and we should soon
start production. With this facility we are hoping to convert about 25,000 mt
next year and grow to 30,000 mt the following year, this equates to a
production capacity of one million books per day! This combined facility will
make us one of the largest paper converting companies on the African continent.
We have introduced new products to complement and strengthen
our Stationery portfolio with imported Pencils and Math sets. We are also
preparing and planning to start Ball Pen production in Nigeria and hope to kick
off production by the end of this year. We are launching 4 models and hopefully
will be able to serve the Ecowas market with this product.
Our Light packaging division which we recently started in
Nigeria is showing a lot of promise and we shall be strengthening this facility
with the procurement of additional machinery. We have also tied up with Eggen
chemicals in Germany to offer their products to the printing industry in Nigeria.
In addition, Vista is also now the official distributor for the Navigator Brand
in Nigeria.
Our Retail Brand Office Everything has gone through some
consolidation this year and currently operates 4 stores in Lagos and 2 in
Abuja. We are also exploring the opportunity to franchise this brand in Nigeria
and plans to make this a reality are being put in place.
We face challenging times. With the Us-China trade war and
the tough Banking scenario, we must all continue to be focused on achieving our goals,
consolidate our activities and remain ever vigilant. It’s a fast-changing world
and Africa is all geared up to make massive strides. I wish every member of the
group the very best.
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