Sadolin to invest $0.5m in machinery
Apr 23, 2008
SADOLIN Paints is to invest $500,000 in machinery from Germany. The company was targeting a growth rate of 20% and a market share of 55%.
By James Odomel
and Wambui Oyulu
SADOLIN Paints is to invest $500,000 in machinery from Germany.
“It’s under our expansion programme,†Chris Nugent, the general manager, said last week.
This was during the dealers’ and distributors’ party at the firm’s premises in Kampala.
Nugent disclosed that the company was targeting a growth rate of 20% and a market share of 55%.
“We are bringing water proofing paint, pre-mixed fillers and effect finishers. These are new types of paints from Europe. With these varieties, our market share will defiantly increase,†Nugent said.
and Wambui Oyulu
SADOLIN Paints is to invest $500,000 in machinery from Germany.
“It’s under our expansion programme,†Chris Nugent, the general manager, said last week.
This was during the dealers’ and distributors’ party at the firm’s premises in Kampala.
Nugent disclosed that the company was targeting a growth rate of 20% and a market share of 55%.
“We are bringing water proofing paint, pre-mixed fillers and effect finishers. These are new types of paints from Europe. With these varieties, our market share will defiantly increase,†Nugent said.