Claims that Jubilee Syringe Manufacturing Ltd. (JSM) was closing its operations in the nation have been refuted, with JSM stating that it was only restructuring.
Naija News understands that the managing director of the VKS Group of Companies, Onur Kumral, made this clarification in an effort to dismiss the earlier report which reportedly claimed that the company, located in Onna, Akwa Ibom State, was closing its doors due to the unfavourable economic climate in Nigeria.
In response to the subject matter, Kumral, speaking on behalf of JSM’s investors, reassured clients of the company’s ongoing presence and dedication to upholding its standing as Nigeria’s leading manufacturer of premium syringes.
Kumral acknowledged JSM’s difficulties and clarified that, despite the company’s 2017 launch and its dominant position in the industry, management has found it difficult to reach goals.
In order to guarantee improved profitability and sustainability, the investors have chosen…