Nigerian citizens and associations shareholdings increased to 78% while management staff had about 10%.
Company shares grew from 9,000 shareholders in 1989 to 38,000+ shareholders from an authorized share capital of N36.6 Million to N160 Million.
Commenced production of Industrial Coatings.
Commenced production of Marine & Protecton Coatings.
Commenced production of AUTOLUX, BERGERNOL & LIGNOLAC.
Introduced new packaging designs & special tamperproof seals.
Overhauled color scheme to offer a wide range of brilliant and refreshing colors.