Sarsoli set to boost investment in rubber industry

Sarsoli Industries, Nigeria’s representative at the world plastic fair in Germany, has reiterated its commitment towards boosting investment in the industry.

The company, which just returned from the biggest plastic and rubber industry trade fair in Dusseldorf, Germany, said its participation had positioned the country for bigger economic benefits from prospective investors.

A statement by the plastic manufacturing company on Friday, noted that the firm was the first exhibitor to display Nigerian manufactured products at the global fair.

“The company was the only exhibitor from whole of West Africa which confirms the Nigerian dominance in that sector of manufacturing,” the statement said.

The Managing Director, Sarsoli, Mr. Jai Changrani, was quoted as saying that the company’s stand at the fair was a beehive of activities as many investors came to ask questions on how they could start businesses in Nigeria.

“Our booth was very well displayed which was by all means no less than any developed country. We had visitors from German press, Nigerian industrialists, West African industrialists and many more visitors,” he said.

He called on the government to support the Nigerian plastic industry by discouraging imports on plastic master batches and fillers with high import duty, adding,  “We also expect the government to support exports by fast tracking the incentives and grants.”

The statement added that the company’s future plan was to serve the West African market and Latin America.

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