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 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.

South Africa’s Nampak plans bottle factory in Nigeria, Ethiopia

Nampak, a South African glass maker of beverage cans and bottles plans to open glass bottle factories in Nigeria and Ethiopia at a cost of $155 million. The company said it is part of a strategy to generate half of its profits outside of its home market in five years.

Nampak has been expanding outside of its home market due to weaker consumer demand.

CHI launches affordable handy Packs for Consumers

CHI Limited, makers of Chivita range of fruit juices have introduced a new handy Can Pack of their various juices into the market.

According to the Managing Director, CHI Limited, Deepanjan Roy, “the new and attractive 315ml can pack has a genuine consumer appeal and the feedback from the market has been fantastic. At the cost of N100, we are confident that the affordability, accessibility and convenience of this trendy, handy and On-the-Go Can packs would ensure that our consumers continue to get the same refreshing taste and nourishment”.

Pepsi raises stakes, launches ‘long throat bottle’

We are in for interesting times in the Nigerian soft drinks market. Seven-Up Bottling Company, the bottlers of the famed Pepsi-Cola brand in Nigeria has just launched a 60cl bottle for Pepsi and other brands in its stable, including Mirinda, 7-Up and Teem, in what may seem like the opening salvo to a possible cola war.

Pepsi’s new 60cl bottle is a direct challenge to the new entrant in the Nigerian soft drinks market, BIG Cola from AJEAST Nigeria Limited, a subsidiary of AJE Group of Peru.

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.