Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Category Archives: Operations

Cashew Juice processing firm begins production in Kogi

A cashew juice processing firm, Ahiaba Global Resources Limited, in partnership with a US-based company, Techno Serve, on Tuesday, said it had commenced the processing and production of Cashew juice from Cashew apples in Kogi State.

The Chief Executive Officer of Ahiaba Global Resources Ltd, Mr. Stephen Ahiaba, disclosed this at the inauguration of the processing plant in Ochaja, Dekina Local Government Area of Kogi.

Frigoglass cancels deal to sell glass business to GZ Industries

frigoglass

Frigoglass, the Greek refrigeration company has terminated an agreement to sell its 70% stake in Beta Glass Plc to GZ Industries Ltd, after the prospective buyer failed to secure the necessary financing for the deal.

Frigoglass last year reached an agreement to sell its $225m stake in Beta Glass, a glass container business in Nigeria and Dubai and the complementary plastic crates and metal crowns operations to GZ Industries. The agreement was expected to be finalized in the current quarter.

Euro Global rewards distributors on ‘Award Night’, commissions new plant

Euro Global Food & Distilleries Ltd, makers of Savanna soft drinks, alcoholic-mix ready-to-drinks (RTDs) and spirits have launched a new multi-billion naira ethanol plant at the company’s facility in Ota, Ogun State.

The plant which took six years to build is said to be the largest single ethanol plant in Nigeria with a maximum production capacity of 120,000 litres daily, more than enough for the company’s daily needs. This means that the company can even export excess ethanol, the company chairman, Arjan Mirchandani, said.

Guinness Nigeria, NAFDAC fail to reach agreement at resumption of case

Guinness Nigeria Plc and the National Agency for Food & Drug Administration and Control (NAFDAC) have failed to reach an out-of-court settlement agreement at the resumption of the case brought against the brewer by the agency. NAFDAC had fined Guinness N1bn in November for various administrative violations against the agency’s rules.

Nigerian Bottling Company to double production capacity in 4 years

Nigerian Bottling Company, bottlers of the famed Coca-Cola brand in Nigeria has said it is committed to focused investments and upgrade of its manufacturing facilities in Nigeria.

This was disclosed at a recent stakeholder’s engagement session by the Acting Head, Public Affairs and Communications, NBC Limited, Mrs. Sade Morgan, who said that the company was upgrading its manufacturing operations, and the Ilorin facility would be transformed into a world class material handling and logistics hub.

NBC Graduates 39 Engineer Trainees from its Technical Training Centre

Nigerian Bottling Company (NBC), bottlers of the famed Coca-Cola brand in Nigeria recently celebrated the graduation of 39 Electro-Mechanical Technicians from its prestigious Technical Training Centre in Agidingbi, Ikeja, Lagos.

The celebratory event, which took place on the 18th of November, 2015 at the company’s Training Centre, was for the 27th and 28th set, which runs for two years. In attendance were industry stakeholders from both the public and private sector.

Guinness Nigeria Plc denies NAFDAC allegations

Guinness Nigeria Plc has come out to deny allegations levelled against it by the National Agency for Food and Drug Administration and Control (NAFDAC).

In a letter published by the Punch Newspapers, Guinness said it was in receipt of the letter from NAFDAC and the demand for the payment of N1bn for certain alleged regulatory infractions.

NAFDAC fines Guinness Nigeria N1bn for violating rules

The National Agency for Food and Drug Administration and Control (NAFDAC) has ordered Guinness Nigeria Plc to pay N1bn “as administrative charges for various clandestine violations of NAFDA rules, regulations and enactments over a long period of time.”

In a letter addressed to the Managing Director of Guinness Nigeria Plc by the Head of Investigation and Enforcement, NAFDAC, Mr. Kinglsey Ejiofor and published by the Punch Newspapers, the agency requested for the payment of the N1bn as administrative charges for infractions such as the destruction activities carried out by the company without the authorization and supervision of the agency.

GZ Industries set to open new Kenya plant in 2016

Nigerian beverage-can maker, GZ Industries Limited, based in Agbara, Ogun State, has said that it will open a new plant in Kenya in 2016.

The Sultan Hamud plant which GZ Industries started building in 2014 is nearing completion and will produce about 2.4bn cans yearly. In September, the company announced that it was expanding into South Africa with the construction of a 1bn rand ($71 million) factory in Johannesburg.

The Sultan Hamud plant lies on the main railway line of Kenya Railways, which connects the coastal city of Mombasa and the capital Nairobi.

Nigerian Breweries raises N17.7bn through Commercial Paper

Beer giant, Nigerian Breweries Plc has successfully raised N17.7bn from its three-year N100bn Commercial Paper (CP) programme. The annual yield on the N17.7bn is 12.5 per cent.

The company said that the offer which closed on 8th October, with strong institutional investor participation demonstrates confidence in the Nigerian Breweries story.

The Finance Director of the company, Mark Ruttenhas, said the transaction provides the company the ability to periodically access alternative debt funding at rates mirroring money market and Treasury bill yields.