The Managing Director of Sun and Sand Industries said countries seeking to create wealth should embrace recycling.
A Nigerian company, the Sun and Sand Industries
Ltd., says 95% of raw materials are sourced from metallic wastes that are
recycled for export to manufacture cars and ship parts.
The Managing Director of Sun and Sand Industries,
Shweta Satija, disclosed this on Wednesday in Abuja
Satija said that since 2005, the company had been
recycling metallic waste from Nigeria ,
for export to high technology countries such as Japan ,
Hong Kong, UAE and India
According to her: “Recycling is an industry that
adds value to the Gross Domestic Product (GDP) of a country and is always welcomed
by any country that wants to create wealth and generate employment.”
Satija said that the company, which was recently
awarded the Best Exporter of 2011 by the Nigerian Export Promotion Council,
locally sources metallic waste of ferrous and non-ferrous alloy and recycles
them for export.
“The recent award recognises us as a leading
company with NIS certified Standard Organisation
of Nigeria (SON) to export engineering products to technologically advanced
countries such as Japan , Hong Kong and UAE,” she said.
“As one of the few companies handling metal
commodities in the country, we are 100 percent export-oriented. We are adding
value to the country’s GDP and contributing to the growth of the economy.''
Satija said that the company, with a workforce of
more than 5,000 which is mostly made up of Nigerians, was determined to sustain
the business of recycling in the country.
According to her, recycling of waste not only
ensures that the environment is clean; it also creates jobs in the country and
should be encouraged.
“We have 5 laboratories with the latest analytical
equipment to check purity and do quality control of the products that cater for
many industrial needs,” Satija said.
The Sun and Sand Industries Ltd., an Indian-owned
company, with its headquarters and factory in Ota, Ogun State, made 61.43
million dollars in profit in 2010.
The company has liaison offices in London ,
Dubai and India
Source: The Daily Times. By Emmanuel Okubenji. 10 November 2011.
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