Propak to boost packaging, printing industry amid FDI expectation
The upcoming Propak, which is the largest packaging, printing and plastics exhibition, is expected to revive the packaging and printing industry. It could also attract foreign direct investment (FDI) through the participation of many international firms, Real Sector Watch was told.
The event will take place on September 20, and will welcome some of the leading names in Nigeria’s burgeoning print industry.
According to Afrocet Montgomery, the organisers, the conference program has been carefully designed to embrace the industry’s leading trends and key topics, especially now that manufacturing sector has taken a pertinent position in Nigeria.
“Before, people would rush abroad for their printing needs, but now, Nigeria, in theory, has enough quality printers to put an end to this capital flight. One of these quality printers is Printivo, an exciting new company in the Nigerian printing sphere. As such, we are delighted that Olu’yomi Ojo, one of Printivo’s founding partners, will be delivering a presentation on ‘the changing face of the Nigerian digital print industry,” say the organisers in a statement.
“This insight from one of the country’s leading digital print organisations is expected to draw significant attention at the show on 22nd September,” they add.
The organisers add that managing directors from FC Exports and Portion Consult from the Nigerian non-digital print market will also be discussing new technologies, sharing exciting developments and key market trends.
“At a time when globalisation has prompted fierce competition, innovative technologies and staying ahead of the market is important now more than ever. If Nigeria is going to fare well in this game of globalization – knowledge sharing from leading industry members is key to helping home-grown organisations find their way globally,” Propak organisers state.
“Indeed, whilst there are many positive developments in the sector, capital flight still remains a serious threat. At present, though still vibrant, there are notable problems, one of which remains the cost of doing business. High production costs, translate to low profit margins and even total loss of print jobs. This unfavourable factor places Nigerian printers at a great disadvantage when they have to compete for print jobs with printers in other countries. This year, our panellist discussion, ‘How to avoid capital flight in the Nigerian printing industry’ will allow our delegates to receive an authoritative insight into these problems and discuss viable solutions. Fittingly, this panellist discussion will be chaired by Samuel Kolawole, CEO of University Press – Nigeria’s Largest and First Indigenous Book Publisher,” the statement says.
ODINAKA ANUDU