Eveready on road to recovery
13 August 2012, 16:22
Eveready limited board Chairman Moody Awori has said that the company is on the verge of recovery after having undergone a difficult period occasioned by competition from manufacturers of cheap batteries.
Speaking in Nakuru recently during the company's annual General meeting, Awori said that the government has put in place structures to make sure that the unscrupulous industries manufacturing the substandard batteries are scrapped out.
The former vice president said that the move had made the company gain profits in the last six months.
He said that the company will soon be diversifying its operations by venturing into the body care industry.
The company's managing Director Jackson Mutua said that as a way of reaching a wider market, the company is set to venture into Uganda adding that most of the companies they intend to work with have already established themselves well there.
Mutua said that the company has purchased an eight acre piece of land in Thika for expansion.
The nairobi branch is also set to move from the central business District to Mombasa road.
Eveready gained profit worth 60 million in the last six months. It made a loss of 55 million the same period last year.
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