Monthly Archives: November 2017

Seven-Up receives buyout offer from majority shareholder, seeks to go private

Seven-Up Bottling Company Plc, the bottler of PepsiCo brands of soft drinks in Nigeria announced on Thursday that its board has received an offer from Affelka S.A. (“Affelka”) to acquire the remaining shares of minority shareholders it does not already own at a cost of ₦19.33bn ($60 million).

AB InBev Mexican unit to build world’s second largest brewery

Grupo Modelo, Mexico’s largest brewer and a subsidiary of Anheuser-Busch InBev has announced plans to construct a new brewery considered the world’s second largest at a cost of 14 billion Mexican pesos ($755 million). The brewery will be located in the city of Alpan, Hidalgo in central Mexico.

The construction of the brewery is expected to be completed by March 2019 and will have the capacity to produce nine million bottles of beer per day, according to Grupo Modelo Chief Executive, Mauricio Leyva.

Grupo Modelo, which produces beer brands such as Corona Extra, Pacifico, Modelo and Victoria among others, said that the construction of the brewery will create 3,000 jobs and “more than 1,200 direct permanent jobs during the operation phase.”

Nigerian Breweries mulls major changes to its Board as beer war looms

Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors.

In a letter sent to the Nigerian Stock Exchange (NSE) on Friday, the company said that “One of the items on the agenda is a proposal for changes in the composition of the Board of Directors (“Board”) of the company.”

Coca-Cola to launch Stevia sweetened soft drinks in 2018

Coca-Cola has announced it will pilot a new Coca-Cola drink sweetened with Stevia instead of sugar next year.

The beverage giant made the announcement recently during its Investor Day Conference in Atlanta, Georgia, USA.

According to the company, Coca-Cola Stevia No Sugar will be 100% sweetened with Stevia, a plant-based sweetener that has zero calories and does not have an aftertaste, a problem the company has faced with previous formulations such as Diet Coke and Coca-Cola Zero.

Chi launches ‘Chapman Happy Hour by Chivita’ to spice up the party scene

Chi Limited has unveiled a new variant of its ‘Happy Hour by Chivita’ into the juice market. The new creation called ‘Chapman Happy Hour by Chivita’ joins other popular variants from the brands stable such as Splashing Apple Peach Pear, Groovy Kiwi Mint Lime, Peach Pop, Totally Tropical and Guava Cheer to offer consumers more choices for refreshment.

According to the firm, the new Chapman Happy Hour by Chivita contains a blend of fruits and is poised to gain huge acceptance by Nigerians because it infuses our culture and style in a refreshing mix.

Coca-Cola Nigeria unveils 50cl Eva Twist Bottle

Coca-Cola Nigeria has announced the launch of a 50cl Eva Twist Bottled Water as it seeks to bolster its presence in the market.

The soft drinks maker noted that the new bottle uses 18% less plastic which is in furtherance of its commitment to secure a friendly environment as well as serving consumers better. All up till now, Coca-Cola Eva bottled water only came in 75cl plastic bottles.

Sona Group seeks Government’s ban or tariff increase on Sorghum, Barley

Sona Group of Industries said it is seeking the Federal Government’s intervention to ban the importation of sorghum, barley and biscuits into the country as Nigeria produces enough to meet local needs.

The call was made by the company’s Group Chief Operating Officer, Mr. Ashok Manghnani, in Ota, Ogun State, at the unveiling of the firm’s new production line by the Minister of State for Commerce, Industry and Trade, Aisha Abubakar.

AB InBev restates commitment to Nigeria as it confirms construction of a new brewery

Global beer behemoth Anheuser-Busch InBev has said it is committed to a long-term investment in Nigeria. This was as the firm announced in a press conference in Lagos on Wednesday, the construction of a new brewery in the country, located in Sagamu, Ogun State, at a cost of over $250 million. The company noted that the new brewery which is expected to be completed in 2018 would be its second largest in Africa and a testament to its long-term view of the country.

Malta Guinness Herbs Lite wins innovation and creativity award

Malta Guinness Herbs Lite, a malt brand from the stables of Guinness Nigeria Plc has won the ‘Fair Competition and Creativity Nigeria Awards’ (FCCNA) for its innovation and creativity. The award ceremony which took place on Thursday, November 9th, 2017 at the Lagos Chamber of Commerce and Industry was organized by the Consumer Rights Awareness Advancement and Advocacy Initiative (CRAAI).

The Fair Competition and Creativity Nigeria Award (FCCNA) aims to encourage and reward companies and organizations that use innovation and creativity as tools to continually deliver superior products and services in the market place despite environmental challenges.

AB InBev replaces North American operation head as US beer sales continue to fall

Anheuser-Busch InBev announced on Monday the appointment of a new North American head, Michel Donkeris to replace João Castro Neves, a 20-year veteran of the Belgian/Brazilian brewer as beer sales in the U.S., the company’s most important market continue to lag.

The company said in a statement that Mr. Neves who had been in charge of the North American division for two years would be leaving the company “to pursue other opportunities” and thanked him for his 22-years “distinguished career” at the firm.