Vono Products Reposition For Growth
 9th OCT 2006

VONO Products Plc, a quoted company on the Nigerian Stock Exchange (NSE) is set to reap from its restructuring programme with the installation of new machines for greater productivity.

The Managing Director/CEO, Mr. Olaitan Odukoya in an interview with Vanguard said “All is now set for the company to return to profitability. The company started off with the production of Vono bed spring. But now, the company has upgraded the bedding business over time, and divided the business into units namely: Vonofoam and Vonolux”. He stressed that Vonofoam unit takes care of the foam mattress and other allied products from foam production. According to him, “The product range include Comet, Sleepwell, Pluto, Orthofirm, Venus and Orthopadic (Restapaedic and Majestic mattress). Other allied products from foam production include Sheetings, Cushions and Underlays.

Speaking on the future prospect of the company, Odukoya said, “With the complete installation of the new foaming plant, Vono is poised to take care its fair share of the foam market, while making effort to increase its capacity utilisation on its high quality mattresses with contour springing mechanism, divan range, double bunks, school furniture to support the Federal Government’s Universal Basic Education (UBE), theatre chairs, and stadia seats. We have introduced into the market the ultra-super firmrest divan bed, a new concept in bedding, with unique health factor which ensures the ideal posture for the back and spine.

He further disclosed that Vono have facilities for the production of many engineering spare parts and production components to service various industries.

According to him, “We own many huge presses and bending machines where there is spare capacity to assist other companies to produce spare parts and components. The company’s infrastructure base at present can be rated as one of the best in the country”.

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