NIGERIA – Jaro Industries, a carton manufacturing company, has inaugurated its factory in OPIC’s new Makun Industrial City, Ogun State.
The company’s Chief Executive Officer/Managing Director, Mr Kavine Vaswani promised that the factory would employ over 800 Nigerians in its immediate locality and environs.
“The initial volume of human resource that we are going to be taking on board will be approximately 250 of full-time employees and 350 of contractually workers,” said Vaswani.
He however said that the company projects its human resource to reach 800 in the near future, once its efficiency builds up and operations are at their peak.
The chief executive also revealed that it would source 70 per cent of its raw materials locally as part of its commitment towards developing Nigerian economy.
“The completion of this project is to further demonstrate the group’s commitment and belief in the Nigerian economy,” said Vaswani.
“I must say, there is a lot of potential for economic growth in Ogun State and that is why we have decided to take this bold initiative by citing the factory in this state, with the help of special partners like the Bank of Industry, Access Bank and Standard Chartered Bank.”
Governor Abiodun, who was represented by the acting Managing Director, Ogun State Property and Investment Corporation, Mrs Ibiyemi Adesoye expressed his expressed his delight at the speedy completion of the project.
The governor also assured that his government would ensure that it gives the company all the necessary support it requires for a smooth operation in the state.
Mr. Vaswani revealed that the US$12 million factory was equipped with state-of-the-art facilities that meet international standards.
The facilities are comprised of a high-tech corrugation machine, a five-colour fully automatic printer and folder gluer, six-tonne boiler, glue kitchen, complete plant conveyor system and complete waste management system, among others.
Vaswani also revealed that the company had built residential quarters for employees with various amenities.
Jaro industries is a subsidiary of the Deekay Group, a corrugated fibre-board carton manufacturing company which has been in operation since in 1972.
It started as a trading business, but later it ventured into backward integration and started the manufacturing of exercise books and a printing and packaging business.