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Daring Lucky Fibres unveil Nobel Flame Retardant

April 24, 2006 (Nigeria)

Lucky Fibres Nigeria Limited, leading manufacturer of textile products, has announced investment of US $4 million (about N20 billion) to acquire the latest plant technology useful in the production of its new Nobel brand of flame retardant carpets and rugs.

To cut the flammability, a chemical is layered on the textile fibre during processing or is applied to a fibre, fabric or other textile items before producing carpets and rugs.

Lucky Fibres, a member of Tolaram International Group of Companies, is markets safe and quality rugs and carpets to customers within Nigeria and across other South African markets.

Mr Navin Nahata spoke to journalists at a press conference stating that the company has considerable control of over 70 percent of carpet market and has the potentiality to further boost its performances in the sector in the near future.

The formal launch of the new Nobel flame retardant carpets and rugs, at the Ikorodu factory was attended by various stakeholders including brand enthusiasts, government functionaries and residents of the local communities.

Chief Rasheed Gbadamosi, Chairman, accredited the success of the company to audacity, teamwork, novelty, insight and integrity being key ingredients in the commercial journey of the company, since its inception in the country in 1996.

Dr John Ndanusa Akanya, Director General of the Standard Organization of Nigeria (SON) applauded the management of the company forthe positive impact in Nigeria and particularly, in the carpet industry.

Biola Komolafe said the launch of the retardant brand of carpets is an exceptional feat, particularly at a time when companies are hassled to either stay afloat or even close down.

The introduction and unveiling of Nobel Flame Retardant carpets is not only an authentication of the company’s determination to meet its customer’s needs, but also a practical demonstration of the company’s commitment to offer value for money, said Biola.


 
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