Paint | Art materials

Share Top Five November 29, 2018

Paint is any pigmented liquid, liquefiable, or mastic composition that, after application to a substrate in a thin layer, converts to a solid film. It is most commonly used to protect, color, or provide texture to objects. Paint can be made or purchased in many colors—and in many different types, such as watercolor, synthetic, etc. Paint is typically stored, sold, and applied as a liquid, but most types dry into a solid,More info:wiki

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#10 Paint makers raise prices, seek FG’s forex window,More info:guardian

With declining stock of imported raw materials, paint operators are fighting for survival by increasing prices and contemplating job losses. To forestall a complete shutdown of factories, they are urging the government to grant them access to foreign exchange to facilitate the importation of raw materials.

The last is yet to be heard about the recession and its brutal effects on Nigeria’s manufacturing sector, as paint makers are currently increasing their prices to contend with the high rate of foreign exchange in the market.

The paint operators under the aegis of Paints Manufacturers Association of Nigeria (PMA) confirmed the development to The Guardian, revealing that the scarcity of dollar has impacted on their production process as 80 per cent of its raw materials are imported and supplied by associated member-companies.

They lamented that the stock of raw materials by members are dwindling, making it impossible to meet orders. According to the Executive Secretary, Mr. Jude Maduka, the government should wade into their plight and provide paint manufacturers access to foreign exchange as being done in other industrial concerns.