Imo State has vast potentials for profitable investment. These include large market, skilled and resourceful manpower, mineral and agricultural products for industrial processing. Regrettable these potentialities have not been adequately harnessed because of low investible capital. In the building materials industry opportunities exist for the manufacture of roofing, wall and floor tiles.
The plant for the factory has a rated capacity of 600,000sq. metres of 12,000 tonnes of floor 3 wall tiles per annum. The site measures about 8,820 hectares and certificate of occupancy obtained. About 80% of the materials needed to set-up the factory building are available.
The project has great prospect if it can be realized through privatization. The raw materials are locally available and there is extensive market for the product among the building industry.
Clay products Limited (DPL) Ezinachi Okigwe was incorporated in 1979 principally to carryout the business of manufacture of bricks, tiles, pottery and earthern ware of all kinds.
The production capacity of the plant is put at 30 million of various types of burnt bricks. The major raw material clay is in abundant supply at the factory site. This was the major consideration in locating the project at its permanent site.
The factory was shut down since 1991 as a result of management problem and lack of working capital. Bricks revolution which the Clay products Limited sets out to accomplish in the State is very relevant especially as cements are selling at unfavourable prices.
The project is slated for privatization and interested investors are requested to come forward to negotiate with the State Government.