Tastefield industries limited is a Nigerian company whose mission is the manufacturing and marketing of melamine table wares using south Korean technology. Tastefield benefited from Nerfund industrial Development funding of Federal Government Nigeria of 1 USD/million at an interest rate of 4% p.a and exchange rate of N22.00 to 1 USD in 1994. Tastefield had 60 employees which included 5 members of the management team and elite Board of Directors of 8. Tastefield had 18 brands of table wares for over 40 million first time potential customers, 10 million potential repeat customers. The average brand price was N120.00. The estimated production capacity for each brand stood at 4000 pieces p.a. in 1999, Nigeria had a democratically elected government. This opened up the Nigerian economy to global competition. Between 1999-2010 Tastefield responded by suspending production. in 2015 Tastefield Board of Director decided to commence business. The macroeconomic thrust on infrastructural and Agricultural investment by Federal Government Nigeria showed likely to boost consumer demand and spending considerably. construct a profit/loss account of new tastefield industries in 2018.
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Tastefield industries limited is a Nigerian company whose mission is the manufacturing and marketing of melamine...
Tastefield industries limited is a Nigerian company whose mission is the manufacturing and marketing of melamine table wares using south korean technology. Tastefield benefited from Nerfund industrial Develoment funding of FGN of 1 USD/million at an intrest rate of 4% p.a and exchange rateof n22.0 to 1 USD in 1994. Tastefield had 60 employees which included 5 members of the management team and elite Board of Directors of 8. Tastefield had 18 brands of table wares for over 40 million...