RADP / Pulse Nigeria > News > business

Vono Plc assures shareholders of profitability

fuad lawal

June 13, 2015 5:49 PM

Shareholders of Vono Products Plc, are in for good times as the company has unfolded plans to reposition the brand for growth through an integration exercise with Vitafoam Nigeria Plc.

Shareholders of Vono Products Plc, are in for good times as the company has unfolded plans to reposition the brand for growth through an integration exercise with Vitafoam Nigeria Plc as well as improved production initiatives.

The company noted that plans are already underway to integrate with Vitafoam Nigeria Plc for enhanced shareholder value as well as an expanded portfolio, adding that professionals had commenced work and the outcome would be made public soon.

Speaking after the company’s yearly general meeting in Lagos, the acting Managing Director, Vono Products Plc, Olatunji Anjorin, explained that the company was not just a manufacturer of foams as it has series of other products in its portfolio.

According to him, following an anticipated growth in the domestic market, the company would roll out innovative products that appeal to different segment of the society.

"We are sensitive and innovative. We are taking advantage of social media space to ensure full inclusion of the young ones in our new approach to product development. We are looking at our payment system aesthetically to make our products affordable by different segment of the society."

fuad lawal

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