Tag Archives: Suntory Beverage & Food Nigeria Ltd

Ebonyi State bans serving of Coca-Cola branded Soft drinks at State functions

The Ebonyi State Government has become the first State in Nigeria to restrict the consumption of Coca-Cola products in the state.

Concerned with the recent ruling by a Lagos State High Court against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC) on the alleged health effects of consuming Fanta and Sprite, Ebonyi State Governor, David Umahi on Tuesday issued an order, banning the serving and consumption of Coke, Sprite and Fanta at government functions in the state.

Suntory defends integrity of its brands – Lucozade

Suntory Beverage & Food Nigeria Limited, makers of Lucozade has guaranteed its customers that Lucozade does not contain benzoic acid as stated in a recent laboratory report by the Consumer Protection Council (CPC). The company went on to say that its products are safe and healthy for human consumption.

The beverage giant, which took control of Lucozade and Ribena brands from GlaxoSmithKline Consumer Nigeria Plc (“GSK Nigeria Plc”) last year said it became necessary to clarify the contents of its drink after media reports claimed that laboratory analysis conducted by the CPC showed high levels of benzoic acid in Lucozade, above the Nigerian Industrial Standard (NIS) which is 250mg per kg.

CPC calls for review of levels of additives in soft drinks

The Consumer Protection Council (CPC) on Tuesday released its results of findings on the level of benzoic acid and sunset yellow found in Fanta and Sprite as well as other soft drink brands bottled in the country.

The Council said it was compelled to launch an investigation following the public outcry after a Lagos High Court ruled in the case of Fijabi Adebo and his firm Fijabi Adebo Holdings Limited against the National Agency for Food and Drug Administration and Control (NAFDAC) and the Nigerian Bottling Company (NBC).

Suntory Food & Beverage ends year on a high note

Suntory Food & Beverage Limited, reported its 2016 full-year results, with sales increasing 2.1% to ¥1.4 trillion yen ($12.3bn).

The maker of Lucozade and Ribena said it achieved higher revenue growth as a result of aggressive marketing and cost reduction initiatives it carried out on its main brands.

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 biggest soft drinks maker in Nigeria and bottler of the famed Coca-Cola brand have raised its prices across the board as it continues to battle macroeconomic challenges such as continued naira devaluation, inflation and higher input cost of imported raw materials.

Health industry accused of sabotaging efforts to reduce sugar content in sweetened beverages

Advocates of sugar-tax on sweetened beverages such as Carbonated Soft Drinks (CSDs) in Nigeria say that health organisations as well as medical and public health institutions have been enabling the rise in new cases of diabetes and other non-communicable diseases (NCDs) in the country by accepting billions of naira in donations from soft drink manufacturers in the form of Social Responsibility donations.

GSK Consumer Nigeria earnings sink amid FX loss

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria Plc”) on Friday reported a net loss of N4bn for the 9-months ending 30th September 2016.

The company which in October finalized the sale of its drinks business (Lucozade and Ribena) including bottling and distribution to Suntory Beverage and Food Nigeria Limited cited unrealized foreign exchange loss of N6.5bn caused by the impact of Naira devaluation for its poor performance.

Suntory officially takes over Lucozade and Ribena brands

Suntory Beverage & Food Nigeria Limited announced on Tuesday its plans to expand its presence in the Nigerian food and beverage market as the new owners of the beverage brands, Lucozade and Ribena.

The announcement came after the completion of the sale of the drinks, bottling and distribution business by GSK Consumer Nigeria Plc to Japanese global beverage company, Suntory Beverage & Food.

GSK Consumer Nigeria completes sale of drinks business to Suntory

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria Plc”) announced on Friday, 30 September that it had completed the divestment of its drinks business including bottling and distribution to Suntory Beverage & Food Nigeria Limited.

The transaction was originally expected to close on 31 August 2016, but GSK requested for additional time to enable both parties to comply with the terms of the Asset Purchase Agreement entered into on 31st March 2016.

GSK Consumer Nigeria extends deal closure date

GlaxoSmithKline Consumer Nigeria Plc (“GSK Consumer Nigeria Plc”) said on Tuesday it has shifted the closure date to sell its drinks business to Suntory Beverage & Food Nigeria Ltd to 30th September 2016. The transaction was initially expected to close on 31st August 2016.