Dominica’s first tissue paper company sells shares to Dominicans, through investor pitch

NIPP is currently moving to capture the entire Dominican market and simultaneously, make use of the OECS Economic Union, to expand its base. With 25 to 30 percent penetration of Dominica’s market, the company is poised to capture a greater portion once it can broaden its ownership base.

This move will “sustain the company profitably, in addition to exports,” according to Managing Director Severin Mckenzie. “With state-of-the-art and highly energy-efficient machinery, NIPP Inc is well positioned to capture the Dominica market and that of the Leeward Islands, but we must expand now with new products and into new markets,” Mckenzie has emphasized.

NIPP Inc was officially launched in 2010 at the Canefield Industrial Site. Since then, it has participated in Compete Caribbean business innovation window, from which an innovative business plan was prepared for the company.

NIPP now produces “Falls Soft” and “Emerald Touch” toilet tissue and Serviette Dominique paper towel. Through Grassroots Investment Pitching, ordinary Dominicans can be a part of NIPP’s growth and own shares in the tissue paper business. The objective is to invite individuals to be part of a goal to increase NIPP Inc’s product brand and base expansion.

The upcoming forum comes at a time when NIPP awaits a major breakthrough in the Venezuelan market, due to a shortage of tissue paper in that country. Additionally, NIPP has the potential of penetrating the markets of neighbouring French islands, Martinique and Guadeloupe.