NORWAY BASED PAINT COMPANY COMMENDS TANZANIA FRIENDLY INVESTMENT ENVIRONMENT
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The Jotun Group, an international paint company based in Norway has announced plans to invest in the country’s manufacturing industry citing friendly investment policies among the factors to choose Tanzania as its investment destination.
The company has a presence in more than 100 countries around the world, with more than 10,000 employees, 63 companies in 45 countries, and 37 production facilities in 21 countries.
Speaking in Dar es Salaam recently, Zulfikar Ismail Director of Well worth Group of companies representing Jotun Group in Tanzania, said the manufacturing company will be built in Tanzania but will serve East and Central Africa.
He was speaking shortly after the launch of their new paint shop at Masaki in the city.
Ismail said: “Tanzania is the unique investment hub in the East African Community (EAC) as well as Southern Africa Development Communities (SADC) as it is blessed with the sustainable peace and harmony, the factor that attracts big investors.
He said the company has been in Tanzania for two years whereas it has enjoyed good support from the government and private sector as well. He commended the support from the private sector calling for more support from Tanzanians.
He said: “We have chosen to invest in the manufacturing sector to support the government’s industrialization endeavors aiming to make Tanzania a middle-income nation”.
The Director explained that more than 100 painters from Dar es Salaam and Dodoma have benefited from professional painting skills offered by Jotun Group.
The training aimed to improve the quality of their work since the company produces 15,000 different colors which require skills and experience in its use.
Norwegian Ambassador to Tanzania, Elisabeth Jacobsen said it is time for Tanzanians to benefit from the company which has 90 years in the market. She said the company has contributed to the creation of jobs in various countries.
SOURCE BY: ONLINE GUARDIAN NEWS