Lord & Old Soldier Jumbo win award

 

award

Lord and Old Soldier Jumbo mosquito coils have been named the best insecticides of the year 2015.

The two local insecticides picked the award at this year’s Made-in-Ghana Awards held at the State Banquet Hall in Accra last week Friday.

Speaking to the media, Chairman of Beatex Enterprise, Mr. Edmund Akoto-Bamfo, dedicated the awards to the workers of the company.

He also lauded Ghanaians for acknowledging their efforts. He revealed that the company currently has a workforce of 220.

It also has 10,000 indirect employees nationwide, ranging from wholesalers, retailers, distribution van drivers, and rural youth in the production of local raw materials, among others, he added.

It would be recalled that Today in its September 8, 2015 edition carried a story with the headline; “Insecticide Company calls for support to save jobs.”

The paper said hundreds of Ghanaians were expected to lose their jobs if nothing was done to prevent the collapse of the only surviving local insecticide manufacturing company in the country, Beatex Enterprise Ghana Limited.

The imminent collapse of Beatex was attributed to disparities in duties between the local insecticide manufacturing industry and importers of mosquito coil.
It stated that while importers of the product were charged $8.1 per carton of coil, local manufacturers were charged $14.3.

Mr. Akoto- Bamfo told journalists that the situation still existed with five out of the six insecticide manufacturing companies in the country already folding up, making his company the only survivor.

These local insecticide companies, he mentioned, include Miaco, Sunfront, Eagle, Antelope and Care, situated at Tema Community 7 and 9, the Spintex Road and Achimota, respectively.

According to him, the duty paid on his company’s products, which consist of eight brands, with the Lord Brand Mosquito Coil as the flagship, was a 100 per cent higher than that paid on imported coils.

He revealed that Beatex was, consequently, unable to sell its products, since the imported ones were cheaper as a result of the lower duty paid on them.

He expressed fear that the situation would soon lead to the closure of the factory, which would in turn lead to thousands of job losses.

He added that in trying to save the situation, the company decided to find out the cause of the low patronage of its products.

Mr. Akoto-Bamfo revealed that after investigations, it came to light that all the 15 importers of mosquito coils into the country were charged $8.1 per carton of the product, compared to the $14.3 duty charged on a carton of the product produced locally.

He however, said the awards had encouraged him to forge ahead to sustain the company.

He added that all would be done to ensure that the company would in the next two years stand on its feet again.

He, therefore, called for an even playing field where both local manufacturers and importers would be made to pay the same duty on competitive products.

 

 

Source: Ghana/todaygh.com/Freeman Koryekpor Awlesu

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