Meyer PLC
NNSENG:MEYER17.50
NGN
0.00
(0.00%)
Meyer PLC
NSENG:MEYER
(Nigerian Stock Exchange)
Recent
price
17.50
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Meyer Plc is a Nigeria-based paints and allied chemicals manufacturing company engaged in the production, marketing, and distribution of decorative paints, industrial coatings, automotive refinishes, marine coatings, wood finishes, and specialized building construction chemicals. The company manufactures and sells a comprehensive portfolio of coating products and allied building materials, including architectural and decorative coatings comprising premium emulsions, silk finishes, gloss enamels, matte wall paints, textured finishes, and exterior weather-resistant coatings; industrial and protective coatings including epoxy floor systems, alkyd primers, polyurethane coatings, quick-drying enamels, and heavy-duty anti-corrosion protective finishes; automotive refinishes consisting of vehicle body fillers, primers, acrylic basecoats, clear coats, hardeners, and thinners; marine coatings engineered for offshore structures, vessels, and marine infrastructure protection; wood finishes including wood sealers, sanding sealers, stains, lacquers, and clear varnishes; road marking paints comprising thermoplastic and cold-applied solvent-based formulations; and construction chemicals including tile adhesives, skimming paste, wall putty, and waterproofing sealants. In addition to manufacturing, the company provides specialized paint application services, technical coating consultancy, architectural color-matching solutions, and project management support for residential, commercial, and industrial infrastructure projects across Nigeria. In recent developments, Meyer Plc has advanced strategic operational and commercial initiatives, including the introduction of reformulated eco-friendly, low-VOC decorative coatings, the expansion of its high-performance protective coatings line for industrial and infrastructure clients, the modernization of its production and quality testing facilities in Lagos to enhance output efficiency and raw material optimization, and the expansion of its nationwide retail distribution footprint and specialized paint experience centers across major Nigerian commercial hubs including Lagos, Abuja, and Port Harcourt. Founded in 1960 as Hagemeyer Nigeria Limited before subsequently trading as DN Meyer Plc and rebranding to Meyer Plc, the company is headquartered in Ikeja, Lagos State, Nigeria, and operates as a subsidiary of Bosworth Investments & Services Limited.