BERGER PAINTS NIGERIA PLC

 BERGER, a paint manufacturer of premier rank, started paints manufacturing in Nigeria in 1959. BERGER prides itself on the production of   decorative finishes, marine coatings, industrial coatings, automative coatings and wood finishes with leading brands such as Texcote, Luxol andSuper Star. 

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BERGERpartnered with KCC Corporation (South Korea), a world-renowned chemical company, in 2012 to offer quality coatings to the marine industry. In addition, the company has embarked on automation of its plant in order to improve productivity and efficiency of its operation. 

Management has not rested on its laurels.Apart from manufacturing, the company also engages in painting for customers. The company made NGN52.5 million from painting contracts in 2016 (2015: NGN327.8 million). At present the company derives all its revenue from Nigeria.In our opinion, the offshore expansion being pursued by the management would help diversify its revenue sources and reduce its business risk.