Okipp Limited
ok Oku-Iboku Pulp and Paper (OKIPP) Limited is a deliberate strategic initiative of the Negris Group to diversify its portfolio of investment. Early in 2008, Negris was one of the four companies that bidded for the acquisition of the assets of Nigerian Newsprint Manufacturing Company, Oku Iboku, Akwa Ibom State, which was in liquidation.

In a keenly contested bidding Negris Holdings Limited became the preferred bidder and was eventually handed the assets of the newsprint company in an epoch making event at the company’s premises, in Oku Iboku, on August 12, 2008.

This was after Negris had met all take over requirements among which is the 32.5 Million Dollars bided price paid to the Federal Government, through the Bureau of Public Enterprises (BPE), the government agency saddled with the responsibility of disposing government’s stakes in business ventures in the ongoing privatization process.

With an installed capacity of 100,000 metric tons, NNMC was conceived to bring an end to the country’s dependence on imported newsprint. However, seven years after it was established in 1986, it stopped production largely due to lack of finance and proper management.

The takeover by the Negris Group is expected to bring a new lease of life to the facility and by extension the newsprint market. Determined to ensure immediate attainment of this, the management of Negris immediately commissioned foreign technical experts to rehabilitate the plant for possible commencement of operation very soon.

The plant has the capacity to produce three grades of high quality newsprint;
  • Standard newsprint 48.8g/m (NPW 58)
  • Machine finished mechanical paper 60g/m (MFP)
  • Machine finished mechanical printing paper 75g/m (MFP 75)
Quick LInks Newsletter Signup Contact Info
Enter your email address to receive the latest updates from Negris.
Negris Group
35/37 Isheri Road. Aguda-Ogba,Ikeja, P.O.Box 7206, G.P.O Lagos Nigeria.
Phone: +234(0)8116709607
Email: info@negrisgroup.com
Website: www.negrisgroup.com
Copyright © 2014 negrisgroup.com. All Rights Reserved | Privacy Policy | Site Map