Cream Liqueur sees growth with new players, more flavours

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 »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

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 »

Category Archives: Packaging

Beta Glass grows revenue 10% in half-year amid cost pressure

Beta Glass Plc on Tuesday reported revenue growth of 10% for the first half of the year through 30th June 2019, sustaining its growth momentum.

Revenue rose to N14.5bn from N13.1bn in 2018.

Ecobank Nigeria hits milestone with removal of two million PET bottles from the environment

Ecobank Nigeria has announced the successful removal of two million plastic bottles from the streets and drains of Lagos State. The Pan African bank which launched the campaign in May had set a target of removing four million PET bottles from the environment as part of its environmental sustainability campaign. The bank rolled out the initiative in May telling Lagos residents to turn in their used plastic bottles in exchange for cash at designated locations across the state.

Lagos State Governor calls on manufacturers to find alternatives to plastic bottles

The Lagos State Governor, Babajide Sanwo-Olu has appealed to manufacturers to develop alternatives to plastic bottles and other non-degradable items, which are threatening the environment.

Sanwo-Olu made the call at an environment forum in Lagos, with the theme ‘’The earth, our business, our future’’.

Beta Glass to pay shareholders N1.30 per share dividend for 2018 full year

Beta Glass Plc said it will pay its shareholders N1.30 per 50 kobo of ordinary shares for 2018 full-year. The company reached the resolution at its 45th Annual General Meeting (AGM) which held on 4th July 2019 at the Federal Palace Hotels, Victoria Island, Lagos.

The company at the meeting also resolved to re-elect Otunba Abimbola Ogunbanjo, Chairman of the Board of Directors, Mr. Darren Bennett-Voci, Managing Director and Mr. Nikolaos Mamoulis as a Director of the Company.

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.