Following his meeting with the Minister of Industry, the Managing Director of the Turkish company, BSN Yapi Ltd, Nedim Hamurkaroglu, has announced his joint venture product with Cameroonian businessman, Lucien Wantou Siantou, to build a paint production plant in Cameroon.
The Turkish investor and inventor of the said product explained that it is “a kind of paint made using glass debris and 14 other raw materials.”
This paint offers the advantage of being inflammable up to 1200° in a fire outbreak as it allows for a naturally regulated ambient temperature. It also protects against humidity, mould and noise disturbance.
With its plans to make its new discovery widespread in Cameroon, BSN Yapi Ltd hopes to benefit from the provisions outlined in the Cameroon’s private investment incentive code.
With certain conditions, this legislation grants 5 to 10-year tax and customs exemptions to companies in set-up and production phases. The investment would cost one billion FCFA.
