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

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.

Emmanuel Agu joins JOTNA as new Group Marketing Director

The management of JOTNA Nigeria Limited has appointed Emmanuel Agu as its new Group Marketing Director.

Agu, a former Portfolio Manager-Mainstream Lager, Nigerian Breweries Plc joined JOTNA in December, 2018.

In his new role, he is charged with the responsibility to form and lead a new Marketing team of JOTNA Nigeria Limited made up of TLCC (The La Casera Company – Carbonated Soft Drinks and Water), Prima Corporation Limited ( Preforms and Caps ), EngeePet Manufacturing Company Nigeria Limited ( Pet Resins ) and Gilon Distribution Limited.

Recycling critical to environmental preservation, jobs – FBRA

The Food and Beverage Recycling Alliance (FBRA) has emphasised waste recycling, especially those of food and beverage packaging, as vital in environmental preservation.

According to FBRA, the value chain in the recycling process leads to job and wealth creation.

Pernod Ricard buys stake in Africa’s online retailer Jumia

French spirits Group Pernod Ricard announced on Tuesday, 18th December, it had acquired an unspecified stake in African online e-commerce retailer, Jumia.

The move follows Pernod Ricard’s collaboration with the firm to launch a one hour alcohol delivery service in Ghana and Kenya through an app called “Jumia Party”.

Frigoglass to invest €25 – €30 million to enhance capacity in its Nigerian Glass Operations

Frigoglass, the Greek refrigerator and glass bottle manufacturer announced on Thursday that it will invest €25-30 million to expand furnace capacity at its Beta Glass Guinea plant, located in Agbara, Ogun state in Nigeria.

The investment will increase capacity at the plant by 35,000 tons per year.

Chivita Ice Tea rebrands

CHI Ice Tea, one of many brands from the stable of CHI Limited, is now Chivita Ice Tea. As part of the rebranding, seen as a strategic move to integrate with the Masterbrand Chivita, the brand handlers say that Chivita Ice Tea now comes in a new product pack that is more aspirational, modern and trendy, with the promise of the same refreshing goodness.