Table water manufacturers shut down over rising production cost
Producers of table water in Enugu State, under the aegis of the Association of Table Water Producers (ATWAP), have announced they would be shutting down temporarily, due to rising cost of production.
The producers took the decision at an emergency meeting of the body, citing the galloping inflation and associated consequences on their production capacity.
The body said, “The current harsh economic situation in the country, especially as it affects materials and other logistics for the production of sachet water in the state, was critically reviewed.
āAfter hours of deliberations on the overwhelming challenges being encountered by ATWAP members, especially the over 500 per cent increase in the prices of raw materials and other factors of production, we have to come to this decision.
āFollowing the 500% increase in the prices of raw materials, which included, nylon, parking bags, purifying materials, procurement of water from boreholes located outside the city, diesel, high electricity tariff, haulage/transportation and other maintenance and staff costs, we had to close shop.
āAlso, the upward review of various fees charged by both agencies of the state and local governments within our areas of operations is also a factor.”