National Salt Company Nigeria Plc (NASCON.ng) listed on the Nigerian Stock Exchange under the Food sector has released it’s 2015 interim results for the first quarter.For more information about National Salt Company Nigeria Plc (NASCON.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the National Salt Company Nigeria Plc (NASCON.ng) company page on AfricanFinancials.Document: National Salt Company Nigeria Plc (NASCON.ng) 2015 interim results for the first quarter.Company ProfileNational Salt Company Nigeria Plc (NASCON) manufactures and markets a range of edible salt for industrial use and iodine-fortified kitchen salt for domestic use in Nigeria. By-products from the salt refining process include fine (butter) salt used to make biscuits and confectionary products; and granulated kitchen salt and industrial salt. The company has factories located in Oregun, Apapa and Port Harcourt and installed capacity of 400 000 tonnes per annum for 25-50 kilogram bags of salt and 100 000 tonnes per annum for salt sachets. Salt products for domestic use are marketed under the brand name Annapurna and Dangote. Annapurna is a brand name owned by West Africa Popular Foods (WAPF) as a joint venture between the former NASCON and Unilever Nigeria Plc. The company was established in 1973 and formerly known as National Salt Company of Nigeria Plc. Its head office is in Lagos, Nigeria. National Salt Company Nigeria Plc is listed on the Nigerian Stock Exchange
by the provincial development and Reform Commission actively seek, recently, the national development and Reform Commission, the Ministry of Finance issued a 2016 foreign government loan alternative project planning, the Fifth People’s Hospital of Qinghai Province medical support combined with the export import bank loan project, Haidong city water conservancy facilities construction by the Israeli government loan project, the sea east north and South Mountain low carbon ecological greening engineering construction with the European investment bank loan project included in the alternative project planning.
the amount of the loan amount of three foreign loan projects about $143 million. Among them, the introduction of advanced medical equipment, medical support combined with the project application loan of $30 million by the U.S. Export Import Bank sovereign guarantee loans Fifth People’s Hospital of Qinghai Province, the purchase of advanced medical equipment 138 Taiwan (sets); the Israeli government loan project by Haidong city in the construction of water conservancy facilities, the estimated total investment of 385 million yuan, apply for loans of $50 million. The main content of the construction of the sea east city of drip irrigation, greenhouse vegetable crops open irrigation project; construction of the East North and South Mountain Ecological Greening Engineering of low carbon sea with the European Investment Bank Loan Project estimates a total investment of about 810 million yuan, to apply for a loan of 57 million euros, the main construction contents for the surrounding sea east city core city afforestation and seedling breeding etc..
it is understood that the implementation of the project after the Fifth People’s Hospital, 300 thousand of the population surrounding areas can basically solve the problem of medical treatment is difficult, combined with the construction of the hospital, hospital services and pension services to form the integration of health care service network, improve the pension institutions and medical institutions business cooperation mechanism, actively support the development of pension and medical services, improve the pension service system; implementation of Haidong city farmland water conservancy construction project, through the introduction of water-saving irrigation technology and equipment of Israel advanced, greatly improve the project area of agricultural irrigation water use efficiency and water use efficiency, ease the contradiction between supply and demand of water resources, at the same time through the project area, the development of ecological agriculture, efficient economic crops and high quality artificial grassland and vigorously promote local economic and social development; the sea east north and South Mountain low carbon ecological greening engineering construction project. Shi, will expand the forest area, reduce soil erosion and erosion degree of Huangshui River Basin, increase forest vegetation, ecological corridor formed along the Huangshui River basin landscape and green barrier. Conducive to promoting the optimization of agricultural and forestry structure adjustment, led farmers to change their ideas, get rid of poverty, the development of economic forest planting, green environment, increase the income of the virtuous cycle. Conducive to the construction of livable city, enhance the image of the city, improve the investment environment, increase local revenue, enhance public awareness of environmental protection.