Dipo Olowookere
By Dipo Olowookere
The management of Notore Chemical Industries Plc, the newest company to list its shares on the Nigerian Stock Exchange (NSE), has announced the closure of its Ammonia Plant.
In a statement signed by the Group Chief Legal Officer/Company Secretary, Otivbo Saleh, it was explained that the shutdown is due to a maintenance exercise on the facility.
It was disclosed that the maintenance exercise, which is expected to last 15 to 20 days, will commence on Friday, September 14, 2018.
“This is to inform the Nigerian Stock Exchange (NSE), shareholders of Notore Chemical Industries Plc and the general public that Notore’s Ammonia Plant was brought down for maintenance activities commencing on September 14, 2018, in order to build mechanical reliability in the plant, which will ensure improved production.
“The maintenance exercise is expected to last 15 to 20 days,” the statement issued by the company and dated September 11, 2018, disclosed.
Notore Chemical Industries is one of the leading fertiliser and agro-allied companies in Africa. Its principal activities include the supply of premium fertilisers, appropriate education on best practices for farming and proper deployment of these practices for optimum results.
The firm operates the premier fertiliser plant in Sub-Sahara Africa, thus placing it in a strategic position for championing the African Green Revolution. Notore also produces Ammonia and has the capability to produce NPK fertiliser.
The company’s factory is strategically located at Onne seaport, Rivers State, in the Niger Delta region of Nigeria, making it very easy for the firm to ship and distribute its products effectively across the Atlantic coast.
