{"id":1385,"date":"2006-01-08T22:50:17","date_gmt":"2006-01-08T22:50:17","guid":{"rendered":"http:\/\/bpe.gov.ng\/?p=1385"},"modified":"2025-09-04T14:44:04","modified_gmt":"2025-09-04T14:44:04","slug":"iwopin-pulp-and-paper-company-ippc-limited","status":"publish","type":"post","link":"https:\/\/bpe.gov.ng\/staging\/iwopin-pulp-and-paper-company-ippc-limited\/","title":{"rendered":"IWOPIN Pulp and Paper Company (IPPC) Limited"},"content":{"rendered":"

BACKGROUND<\/strong><\/h4>\n

Iwopin Pulp and Paper Company (IPPC) Limited was established in 1975 as the Nigerian National Newspaper Manufacturing Company Limited under the Companies Act of 1968 and was incorporated under its present name on December 17, 1992 as private limited liability company with the corporate mission to be the best and leading manufacturer of quality bond paper and pulp in Nigeria and the West African sub-region.\u00a0 It commenced commercial production of paper in February 1995.\u00a0 The company is located in Iwopin, Ogun Waterside Local Government area of Ogun State.\u00a0 Iwopin is two hours\u2019 drive from Lagos.<\/p>\n

DESCRIPTION OF THE PRODUCTS<\/h4>\n

The Products offered by the company include:<\/p>\n

    \n
  • Bleached short-fibre wood pulp from Gmelina Arborea;<\/li>\n
  • Fine paper for printing, writing, duplicating, book paper, envelopes and bank paper; and<\/li>\n
  • Air-dry bleached pulp for export to West African and other world markets.<\/li>\n<\/ul>\n

    The scope for marketing the paper product(s) of the enterprise is wide. This is because there is a very high demand for the product in Nigerian \/ other West African countries as well as South Africa.<\/p>\n

    OWNERSHIP STRUCTURE<\/strong><\/h5>\n

    The ownership structure is 100%<\/em> Federal Government Equity.<\/p>\n

    PLANNED MODE OF PRIVATISATION<\/strong><\/h5>\n

    The planned mode of privatisation is 100%<\/em> Core Investor Sales.<\/p>\n

    SECTOR DATA<\/h3>\n

    THE MARKET ENVIRONMENT<\/h4>\n

    The growth potential of the sector is very high with adequate funding\/supply of modern equipment in the sector, efficiency will increase to grow the enterprise in order to achieve its original mission.<\/p>\n

    CAPITAL INVESTMENT REQUIREMENTS<\/h4>\n

    The average capital expenditure requirements for establishing a paper mill such as IPPC or even larger than IPPC is within the range of $150 million and $165 million. The revitalisation of IPPC to attain international operating standards may require between $40 and $50 million. The profitability ratio in the sector should be comparatively high considering the cheap factors of production in its operating environment.<\/p>\n

    ENTERPRISE DATA<\/h4>\n

    THE BUSINESS OPPORTUNITY <\/strong><\/h5>\n

    By the Installed capacity in 1975, the enterprise was billed to produce as follows:<\/p>\n

    Installed capacity\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 38,000 metric tonnes per annum of<\/p>\n

    Bleached short fibre pulp and 65,000 metric<\/p>\n

    tonnes of cultural grades of fine writing and printing papers including Wove for publishing, envelop and Bank paper.<\/p>\n

    Production capacity\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 above 96% of installed capacity. (At this<\/p>\n

    production level, the product was still scarce.)<\/p>\n

    The production of Limekiln and re-causticizers are the by-products of the company\u2019s products.<\/p>\n

    The enterprise\u2019s major customers were among others:<\/p>\n

      \n
    • Newspapers Proprietors Association of Nigeria (NPAN)<\/li>\n
    • Publishing Companies and Book publishers such as Oxford University Press, McMillan, Longmans<\/li>\n
    • Paper converters such as Thomas Wyatt, Onward Paper Mill, Tripple Gee, etc<\/li>\n
    • Printers such as Academy Press<\/li>\n
    • Schools etc.<\/li>\n<\/ul>\n
      THE PERFORMANCE OF THE ENTERPRISE<\/strong><\/h5>\n

      The financial performance of the enterprise in the last 5 years in terms of Sales and Profit, Assets and liabilities, technical, commercial, human capital resources etc. was profitable up to the period operation stopped.\u00a0 However, the price of fine paper maintained a fairly cyclical trend while the average price usually increased year on year.\u00a0 For instance, IPPC sales price in 1996 was US$937 \/ MT.\u00a0 While average US market price in 1999 was US$790 \/ MT.\u00a0 Based on the available statistics, the company was selling its paper at a price that was higher than the World market price.<\/p>\n

      3-YEAR FINANCIAL SUMMARY: 1999-2001<\/strong><\/h5>\n\n\n\n\n\n
      \u00a0<\/strong><\/td>\n1999<\/strong><\/td>\n2000<\/strong><\/td>\n2001<\/strong><\/td>\n<\/tr>\n
      Turn Over (N)<\/td>\n16, 484<\/td>\n43, 453<\/td>\n39, 915<\/td>\n<\/tr>\n
      Profit (Loss)<\/td>\n(343, 089)<\/td>\n(279, 907)<\/td>\n(244, 658)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

      \u00a0<\/strong>This trend of performance in the past was consequent on its poor funding and poor management, which led to the frequent closure of its operations.<\/p>\n

      PROSPECTS <\/strong><\/h5>\n

      The overall business outlook of the sector is expected to be very profitable, given its strategic position in the West African sub-region. Even, some South African countries also depend on paper and paper-related products from Nigeria. This is because the constraints like price variability, weak input\/output control of the enterprise through importation, customer resistance due to poor quality products and obsolete technology with which the enterprise has been contending, would have been removed through its privatisation. As an example, long and short fibres are now sourced locally.<\/p>\n","protected":false},"excerpt":{"rendered":"

      BACKGROUND Iwopin Pulp and Paper Company (IPPC) Limited was established in 1975 as the Nigerian National Newspaper Manufacturing Company Limited under the Companies Act of 1968 and was incorporated under its present name on December 17, 1992 as private limited…<\/p>\n","protected":false},"author":1,"featured_media":15288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[],"class_list":["post-1385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article"],"yoast_head":"\nIWOPIN Pulp and Paper Company (IPPC) Limited - Bureau of Public Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bpe.gov.ng\/staging\/iwopin-pulp-and-paper-company-ippc-limited\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IWOPIN Pulp and Paper Company (IPPC) Limited\" \/>\n<meta property=\"og:description\" content=\"BACKGROUND Iwopin Pulp and Paper Company (IPPC) Limited was established in 1975 as the Nigerian National Newspaper Manufacturing Company Limited under the Companies Act of 1968 and was incorporated under its present name on December 17, 1992 as private limited...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bpe.gov.ng\/staging\/iwopin-pulp-and-paper-company-ippc-limited\/\" \/>\n<meta property=\"og:site_name\" content=\"Bureau of Public Enterprise\" \/>\n<meta property=\"article:published_time\" content=\"2006-01-08T22:50:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-04T14:44:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bpe.gov.ng\/staging\/wp-content\/uploads\/2025\/08\/Bureau-of-Public-Enterprise-2741397833.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"2048\" \/>\n\t<meta property=\"og:image:height\" content=\"1447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"BPE Communications\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BPENigeria\" \/>\n<meta name=\"twitter:site\" content=\"@BPENigeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"BPE Communications\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/\"},\"author\":{\"name\":\"BPE Communications\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#\\\/schema\\\/person\\\/f460e59a81ee781678b5c709e6ccc574\"},\"headline\":\"IWOPIN Pulp and Paper Company (IPPC) Limited\",\"datePublished\":\"2006-01-08T22:50:17+00:00\",\"dateModified\":\"2025-09-04T14:44:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/\"},\"wordCount\":644,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/wp-content\\\/uploads\\\/2025\\\/08\\\/Bureau-of-Public-Enterprise-2741397833.jpeg\",\"articleSection\":[\"Article\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/\",\"url\":\"https:\\\/\\\/bpe.gov.ng\\\/staging\\\/iwopin-pulp-and-paper-company-ippc-limited\\\/\",\"name\":\"IWOPIN Pulp and Paper Company (IPPC) Limited - 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