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: Water

Giant Beverages Unveils Vitamin Water to the Nigerian Market

Giant Beverages Limited, makers of Valmont Premium bottled water has unveiled Giant Vitamin Water to the Nigerian market.

The brand which is a breakthrough product with a range of unique variants was introduced at a media briefing, which took place on Wednesday at La Maison Fahrenheit in Lagos.

Coca-Cola HBC sees shifting trend in consumer needs

Coca-Cola HBC said in its 2015 Integrated Annual Report that tough macro-economic environment have brought about changes in the way consumers shop, according to research done by the company.

The Switzerland-based bottler of Coca-Cola products in 28 countries, including Nigeria said in its Annual Report that consumer behaviour have shifted towards small baskets for top-up shopping, rather than larger stock-up shops. It blames the shift on the effects of the global financial crisis.

Nestle Nigeria’s net profit rise 7% for full Year 2015 amid persistent headwinds

Nestle Nigeria, makers of a wide range of food and beverage products such as Milo, Cerelac, Nescafe coffee, among others released its full year 2015 financial results today showing a 7% rise in net profit to N23.7bn, from N22.2bn in 2014.

Kasapreko launches $70m modern factory as Alomo bitters gets a new look

Kasapreko Company Limited, Ghanaian firm known for its famous Alomo Bitters has unveiled a new state-of-the-art manufacturing plant in Ghana at a cost of $70m.

The new factory is said to be equipped with modern machinery that would enable the company migrate to a total beverage enterprise. It is said to be equipped with high speed spirit production lines that can produce 70,000 glass and PET bottles per hour and two additional installed lines capable of producing 40,000 bottles of water and non-alcoholic drinks per hour.

Nestle Nigeria’s Second Quarter (Q2) 2015 Profit down 24.9% as weak consumer spending shows no sign of easing

Nestle Nigeria’s second quarter (Q2) 2015 profit declined by 24.9 percent as competition in the marketplace and a weak consumer spending continues to haunt the consumer products company. The company is also beset by the insecurity in the north of the country, and higher borrowing costs, among others.

Nestlé’s profit for the period under review was N8.887bn, compared with N11.836bn from the prior year. Sales also fell to N65.92bn, from 67.2bn in the preceding year, a 1.9 percent decline.

€6 Million soft drink factory opens in Warri

A soft drink factory with an estimated cost of €6 million was commissioned in Warri, Delta State by the Governor, Ifeanyi Okowa on July 9th, 2015.

The factory with the trade name “Trebet A1” is owned by an Edo State born investor, Leemon Ikpea of Leemon Group of Companies. Also commissioned by the Governor was Oasis International Supermarket and Stores limited.

Speaking at the unveiling of the businesses, the Chairman and Chief Executive Officer of Leemon Group, Leemon Ikpea said the soft drinks factory will be involved in the production of various premium juices, carbonated drinks and bottled water.

Valmont Premium Table water enters the market

Giant Beverages Limited, a Lagos based company and a new entrant in the beverage industry has just unveiled Valmont, super-premium bottled water brand.

The company is of the resolve that Nigerian brands join the league of internationally renowned brands. Ayo Afolabi, General Manager of the company said that a brand is a mark of quality which is a key characteristic of the company.

He added that Valmont is produced to attain a super-premium brand status in taste, look and feel. “Our water is produced to the best of international standards. It goes through our ultra-purification processes without being exposed to air until it enters our unique bottles, thus preserving its freshness and purity. It is called Valmont for its strong, rich, luxurious and sophisticated background.

Nestle Nigeria’s first Quarter (Q1) 2015 profit decline 51% as consumer spending weakens

Nestle Nigeria’s first quarter (Q1) 2015 net income declined by 51% as the consumer goods company struggled with a sluggish consumer spending, insecurity in the North of the country and skyrocketing borrowing cost.

The company’s profit was N2.95bn, compared with N6bn in 2014. Sales also fell by 34.40 percent to N27.55bn, from N33.bn in 2014.