The company did not discuss these results, but highlighted a couple of business areas it hopes will do well for the future.
Its Vitapur systems house, which is run in partnership with the Nigerian government and UNDP, has paid dividends. The systems house, created to produce methyl formate-blown PU formulations, has helped Vitafoam Nigeria to become more back integrated. It also enables Vitafoam to use it as a source of just-in-time supply.
Vitafoam Nigeria also added that its Vitavisco Nigeria subsidiary expects to benefit from Nigeria's automotive policy, and it could produce moulded seats, steering wheels, head rests, steering wheels, bushings and bumpers. '