Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »
Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »
Beta Glass Plc reported higher sales and profit for the full year ended 31 December 2019.
The glass bottle maker said that sales grew by 12% to N29.4bn from N26.3bn in the previous year. Cost of sales rose by 9% to N22bn.
Selling and administrative expenses saw a modest increase of 19% and 5% respectively.
Swiss food and beverage giant Nestle SA on Thursday announced an ambitious programme to invest 2.0 billion Swiss francs (1.8 billion euros, $2.1 billion) over the next five years to reduce its use of virgin plastics in favour of food-grade recycled plastics.
The company said it also plans to invest in new types of sustainable packaging to meet its target of making all its packaging recyclable or reusable by 2025.
Beta Glass Plc has reiterated its commitment to completing its $30m furnace capacity at its Agbara, Ogun State plant on schedule in June 2020.
The Chairman of Beta Glass, Otunba Abimbola Ogunbanjo, said this during a meeting with the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, CON in Abuja, on Tuesday, December 10, 2019.
The Food and Beverage Recycling Alliance (FBRA) has donated over six boats and equipment to the Lagos State Government through the Lagos State Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA).
Mr. Adekunle Olusuyi, Vice Chairman FBRA, who led the delegation of the alliance expressed satisfaction on the progress made so far with the partnership kick-off with Lagos state government through LAWMA and LASWA.
Beta Glass Plc reported 15% revenue growth for the first nine months of its financial year through 30th September 2019.
Sales increased to N21.9bn from N19.2bn in 2018. The third quarter was particularly strong with N7.5bn rise in sales, a 24% increase.
The company continued to keep costs down with selling and distribution expenses as well as admin expenses declining by 14% and 30% respectively. Operating profit grew by 17% in the nine months to N4.9bn and by 49% in the third quarter alone.
Carlsberg, the Danish beer giant has unveiled what it says is the world’s first paper beer bottle made with sustainable and recyclable wood fibres.
The company said it forms part of Carlsberg’s Together Towards Zero initiative, which includes a commitment to reach zero carbon emissions and a 30% reduction in its “full-value-chain carbon footprint” by 2030.
Anheuser-Busch InBev is said to be pioneering a new technology that prints its label designs directly on bottles instead of on paper.
The new technology which is already being tested in the UK could be rolled out globally if successful. The new scheme has environmental and cost benefits due to the reduction in paper.
The Standard Organisation of Nigeria (SON) has announced plans to work with stakeholders in the food and beverage industry to develop a standard that could save Nigeria N1.8tn annually in plastic importation.
The regulator said the new standards would improve production processes of plastics and ensure safety and the quality of products, adding that it would also lead to an increase of its use which would provide opportunities for employment rather than expending the nation’s hard-earned resources on importation.
The Food and Beverage Recycling Alliance (FBRA) has announced the appointment of Agharese (Arese) Lucia Onaghise, as the Executive Secretary of the Alliance to drive its ambitious goal towards building a sustainable recycling economy for food and beverage packaging waste in Nigeria.
Onaghise will drive the various campaigns and initiatives of FBRA as a Producer Responsibility Organisation (PRO) to fruition, with her wealth of experience. This would further strengthen the recovery of food and beverage packaging waste in compliance with the Extended Producer Responsibility (EPR) policy of the Federal Government.
The Coca-Cola Company has produced what it says are sample PET bottles of discarded plastics obtained from the oceans.
According to the company, a sample 300 PET bottles were produced using 25% recycled plastic collected from beaches in Spain, Portugal and the Mediterranean.
The soft drinks giant said that the bottles are the result of a partnership it has with Ioniqa Technologies, a clean-teach spinoff from the Eindhoven University of Technology in the Netherlands, Indorama Ventures and Mares Circulares (Circular Seas).
