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

Nestlé Opens Research & Development Innovation Challenge in Nigeria

Nestlé’s has announced the launch of a Research and Development (R&D) Innovation Challenge in Lagos after it kicked off earlier in the week in Ghana.

The company said the launch was part of the company’s efforts to contribute to the local innovation ecosystem.

“It is expected that the challenge will help to boost local entrepreneurship, as well as provide a platform for start-ups, researchers and developers to contribute to local sustainable growth by bringing breakthrough ideas to the market.

Stakeholders canvass more investment in dairy production

Stakeholders in the dairy sector have called for increased investment in dairy production to close the gap between production, preservation and distribution.

The call came from the Technical Adviser (Youth and Gender), Federal Ministry of Agriculture and Rural Development (FMARD), Mosunmola Umoru, who spoke at a stakeholders’ workshop in Ikeja, Lagos organised by Tetra Pak West Africa, a firm specialising in developing packages to protect the nutritional value and taste of the products.

England to ban plastic straws, stirrers and cotton buds with plastic stems

The British Government has banned the sale and use of plastic straws, drink stirrers, as well as cotton buds with plastic stems in England from April 2020.

The move which has been planned for over a year is meant to reduce environmental litter and other impacts caused by over five billion plastic straws, 300 million stirrers and nearly two billion cotton buds with plastic stems used in the UK every year.

Ecobank to pay cash for Used PET Bottles

In marking its sustainability week this year, Ecobank Nigeria has asked residents of Lagos State to bring used plastic materials, soft drink and water bottles amongst others to its Corporate head office in Victoria Island, Lagos, in exchange for cash.

According to the bank, the objective is to remove non-biodegradable materials from the environment towards a healthy and safe living.

The bank stated that its target was to remove four million used PET bottles from the streets and drains of Lagos through this initiative.

Beta Glass opens year with 9% profit growth

Beta Glass Plc announced a net profit growth of 9% for the first quarter of 2019 ending in March. Net earnings rose to N1.24bn from N1.14bn in 2018, driven by 11% revenue growth. Sales grew to N7.2bn from N6.4bn.

Nampak to sell Nigerian carton business

Nampak Limited, the South Africa-based packaging company with footprints in 11 African countries said it has reached an agreement with AR Packaging Group AB, a Swedish cigarette pack maker to sell Nampak Cartons Nigeria, a producer of high quality folding carton products for the tobacco, food and consumer goods segments.

Beta Glass reports 23% full year profit rise, thanks to strong sales growth

Beta Glass Plc reported a net profit growth of 23% for the full year 2018. Net earnings grew to N5 billion from N4.1 billion in the previous year.

The strong profit growth was driven by a 19% rise in revenue. Sales grew to N26.3 billion from N22.1 billion in 2017, helped by a 17% increase in selling and distribution expense. Operating Profit jumped 35% to N5.9bn from N4.4bn in the preceding year.

Recycling firm calls on FG to improve enabling environment to attract FDI

Lexsz Plastics Limited, a plastics recycling firm has urged the Federal Government to improve on infrastructural development to attract foreign direct investment in the country.

The Executive Director of Lexsz Plastics, Oba Olufemi Akowe, made the call while chatting with newsmen recently in Lagos. He said government should create a conducive business environment, especially on infrastructure, so that businesses can flourish and attract more FDIs into the country.

Recycling firm invests $8m in Ogun facility

Lexsz Plastics Limited, a polyethylene terephthalate plastic bottle recycling firm based in Ogun State has invested $8 million in a 10-acre factory located along the Lagos/Ibadan expressway.

The company said it made the investment after China, the world’s biggest importer of recycled plastics banned its import in 2018. The company exported most of its products to China.

NAFDAC mulls ban on alcohol packaged in sachets, PET bottles

The National Agency for Food and Drug Administration and Control (NAFDAC) has said it will no longer approve registration for alcohol packaged in sachets.

The Director General of NAFDAC, Prof. Mojisola Adeyeye, made this known recently in Ibadan at an interactive session with stakeholders in food and drugs manufacturing.

The regulatory agency head said that it has identified alcohol packaged in sachets as greatly contributing to increasing drug and alcohol abuse in the society.