Tuesday, October 8, 2024
Google search engine
HomeNewsEconomic Hardship: Table And Sachet Water Producers Shut Down Factories In Enugu

Economic Hardship: Table And Sachet Water Producers Shut Down Factories In Enugu

 

Because of the exorbitant cost of manufacturing, the Association of Table Water Producers (ATWAP) has announced that it will cease operations and discontinue production in Enugu.

The association made this announcement on Sunday through a statement released by Clems Nwamadi, the secretary, and Tony Edike, the chairman in Enugu.

The statement was released following an emergency meeting of ATWAP members on February 8, 2024, in Enugu, where they discussed the difficulties they face.

It said that from Monday to Thursday, all table water producers in Enugu had to down tools and suspend all production.

ATWAP stated, “This is to enable us to seek a workable solution to the many challenges being faced by our members. The current harsh economic situation in the country, especially as it affects materials and other logistics for the production of sachet water in the state, was critically reviewed.

“After hours of deliberations on the overwhelming challenges being encountered by ATWAP members, especially the over 500 per cent increase in the prices of raw materials and other factors of production, we have to come to this decision.”

Related News

Enugu Resident Doctors Cancel Proposed Strike

EEDC ₦2.1bn estimated billing in Enugu communities: Lawmaker petitions NASS

SMEDAN, Enugu Government To Launch ₦1B Fund For NMSMEs

We were forced to close our doors due to the 500% increase in the cost of raw materials, which included things like nylon, parking bags, purifying materials, diesel, high electricity rates, haulage and transportation expenses, and other costs associated with staff and maintenance.

The group stated that another contributing element was the increasing evaluation of different fees levied by state and local government organizations in our service areas.

.The statement emphasized that the high cost of materials and other production issues had caused many producers to close their facilities, as reported by ATWAP based on field reports from different zones. This had increased the rate of factory closures among the members.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments