Vitafoam Nigeria Plc is Nigeria’s leading manufacturer of flexible, reconstituted and rigid foam products. It has the largest foam manufacturing and distribution network which facilitates just-in-time delivery of its products throughout Nigeria. Incorporated on 4th August, 1962 and listed on the floor of the Nigerian Stock Exchange in 1978. Vitafoam’s successful brands remain household names in the country.
The company’s vision to be the Foam Manufacturer of first choice is being achieved through its mission of continuously improving the products quality and providing world class after sales service. Its commitment to quality has earned it several quality awards including the NIS Gold Certificate Award for most of its products.
The company is consolidating its core business by the introduction of innovative value added products and services. It is exploiting polyurethane technology in the more profitable technical/ industrial and construction business. It has become a full range solutions provider for polyurethane products and bedding/ cushion products. Its Comfort Centers provide a one stop shop for discerning consumers of its products. In addition, Vitafoam is striving to be a major player in the Oil and Gas industry by providing insulation solutions to Oil companies.
Vitafoam was the first Foam Manufacturing Company in Nigeria to subject its quality system to the Quality Management System championed by the Standards Organisation of Nigeria (SON).
The Research paper on Financial Case Study on The Quality Furniture Company
IntroductionThe Quality Furniture Company was a high-quality home furniture manufacturer. Its headquarters was in Scranton and distribution depends on the department stores, independent home furnishing retailers and regional chains. The Lloyd's, Inc and the Emporium department store were two of them.The Lloyd's, Inc had been a customer of Quality Furniture for over 30 years. It always kept the ...
The NIS 1SO 9002 Certificate was obtained in 2001 and upgraded to NIS ISO 9001:2000 in 2004.
The Company has carved a niche for itself in the industry by its offer of a vast array of high and superior quality products that present the customers multiple choices. Mattresses of varied resilience and hardness are available nationwide. By use of contours cutting equipment, Vitafoam designs and constructs custom-made mattresses and pillows. In addition, a range of profile products, that are versatile in use are offered to the market – Mats (Vitarest, Leisuremats etc) and Foam sitting chairs (Vitasolid).
The needs of nursing mothers are addressed by the offering of a number of foam based baby products (Changing mat, Baby cot mattresses, pillows etc).
Rigid polyurethane foam manufactured by Vitafoam is found useful in the oil industry, refrigeration, conditioners, poultry enclosure and office partitioning.
Vitafoam is a responsible corporate citizen and it adopts best practices in all its operations. The code of good corporate governance has been well implemented by the company and it is committed to the continuous improvement of its operations. It also won the prestigious Nigerian Stock Exchange 31st Annual Merit Award in the enlarged Industrial/Chemical Products Sector, which made it the eleventh consecutive time of winning the award.
