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: Packaging

Beta Glass sustains profitability as 9-months profit soar 81%

Beta Glass Plc, the glass container and metal crowns company on Thursday reported a profit surge of 81% for the first 9-months of 2016, rising to N2.9bn, from N1.6bn in 2015.

Despite the macroeconomic difficulties hampering the activities of some of its trading partners, Beta glass said that revenue for the 9-months ending 30th September grew 16% to N13.3b, from N11.5bn in the preceding year.

Irish Whiskey Association launches campaign to protect Irish Whiskey

The Irish Whiskey Association has unveiled a new campaign to protect the category from products that are wrongly advertised, packaged, displayed or named in a way that makes them appear to be Irish Whiskey.

The group said that Irish whiskey must be distilled and matured in wooden casks on the Island of Ireland for at least three years for it to be called Irish whiskey. They add that the campaign is directed at whiskey producers, distributors and all who value Irish whiskey.

Avon Crowncaps losses widen in Q1 despite revenue growth

Avon Crowncaps & Containers Nigeria Plc, manufacturers of screw caps, metal containers and steel drums for a diverse industry which includes beverage companies (makers of soft drinks, juice, dairy, brewers, spirits producers), pharmaceutical and oil industries among others reported a net loss of N202 million in the first quarter of 2016 (Apr – Jun) despite posting a 20% rise in revenue to N4bn, up from N3.4bn from the same period in the previous year.

Beta Glass toasts impressive results amid currency headwinds

Beta Glass Plc, the glass container and metal crowns company said on Friday that net profit for the second quarter ending June 30 climbed 140% to N1.4bn, up from N579m a year ago.

The company which manufactures glass bottles for beverage companies among others reported a 32% increase in revenue to N4.7bn, from N3.5bn recorded a year earlier.

Beta Glass seeks reinstatement of Export Expansion Grant

Beta Glass Plc, the glass bottle and container maker for the beverage, pharmaceutical and cosmetics industries is seeking to reinstate the Export Expansion Grant (EEG) by the Federal Government, to enable it export its products and earn much needed foreign exchange.

At the company’s Annual General Meeting (AGM), which held in Lagos recently, Beta Glass declared a net income of N2bn for the 2015 financial-year despite foreign exchange challenges and economic headwinds.

Beta Glass appoints new Directors

Beta Glass Plc, the glass container and metal crowns company based in Agbara and Dubai has appointed new directors to its board.

According to a statement released by the company to the Nigerian Stock Exchange:

Beta Glass Q1 2016 net profit drop 85%

Beta Glass Plc, maker of glass bottles for bottling companies and brewers said its revenue declined by 24% to N3 billion, from N4 billion in the same period a year ago.

Beta Glass core glass making business is in decline as more beverage companies and brewers switch to cans and plastics packaging.

Frigoglass Q4 losses widens amid market challenges in Russia

frigoglass

Greek refrigerator maker, Frigoglass, said on Thursday that its fourth quarter losses grew due to tough market conditions in Russia.

Frigoglass, which supplies Coca-Cola HBC and other European brewers, reported a net loss of €15.9m ($18.02m) for the fourth quarter of 2015, as against €6.2m loss incurred in the same period in 2014.

Coca-Cola Nigeria quietly launches new 60cl bottle

The battle in the carbonated soft drinks (CSD) market is about to get more intense, as Coca-Cola, the leading soft drinks company in Nigeria by market size has quietly introduced a new 60cl bottle of its famed brand to the market.

The new 60cl Coke bottle, which comes in a white cap contains 20% more fizz and is a direct challenge to the new entrant in the market, BIG Cola, from AJEAST Nigeria Ltd, a subsidiary of AJE Group of Peru, which made its foray into the Nigerian market in October 2015, with offers of 65cl bottle of its cola brand for N100, when others were offering 50cl for the same price.

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.