Chemstar plans renewable energy amid rising operational cost
Chemstar Paints Industry Nigeria Limited, has stated that plans are ongoing to deploy the use of renewable energy in the long term as the cost of providing alternative energy to power its operations is eating deep into profit margins of manufacturers in the country. The Group Managing Director/Chief Executive Officer of Chemstar Paints Industry Nigeria Limited, Aderemi Awode, explained that apart from the staggering amount spent on diesel, the increased electricity tariff is also a major setback for manufacturers in the country. Awode stated this on the side-lines of its long service award...
Source: guardian.ng