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

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.

Food, Beverage & Tobacco Union lament high rate of retrenchment in sector

The Food, Beverage & Tobacco Senior Staff Association (FOBTOB) has expressed sadness over the increased rate of retrenchment of workers by employers in the sector.

The union urged the Federal Government to engage employers in the sector so as to halt the looming crisis the mass lay-offs in the sector may engender in the near future.

Beta Glass earnings surge 58% in nine months on strong revenue growth

Higher sales boosted net earnings of Beta Glass Plc in the first nine months of 2018.

In the release of its financial results, the company said that net income rose 58% to ₦3.5bn in the periods, January-September, from ₦2.2bn in the same period last year.

CHI introduces Exotic Pineapple Coconut in 150ml pack

CHI Exotic Nectar has launched its pineapple Coconut variant in 150ml pack size.

According to the company, the taste and refreshment is the same as its bigger pack sizes. The new pack is price friendly at N50 retail. The firm said it is the result of deploying innovation to drive brand growth in a dynamic market environment.

It notes that the variant offers an irresistible taste and distinctive refreshment that makes it ideal for indulgence and relaxation. Its taste and trendy pack size connects with the taste preferences and healthy choices of a youthful consumer segment.

PepsiCo joins group to develop bio-degradable PET bottles

PepsiCo has joined the The NaturALL Bottle Alliance to develop beverage containers that are bio-degradable.

The alliance is a research consortium formed by Danone, Nestlé Waters and bio-based materials development company, Origin Materials to accelerate the development of innovative packaging solutions made with 100 per cent sustainable and renewable resources.

Beta Glass names Ayobami Adebisi as new Company Secretary

Beta Glass Plc announced on Thursday the appointment of Ms. Adebola Ayobami Adebisi as its new Company Secretary effective 5 July 2018.

According to the company, Ms. Adebisi will replace Ms. Y. Titi Talabi.

Beta Glass sees growth acceleration continue in the second quarter

Beta Glass Plc reported a strong first half in 2018, a continuation of the growth acceleration begun in the first quarter. The company saw revenue growth of 49% to ₦13.1bn, driven by a 54% sales surge in the second quarter to ₦6.7bn.

Tetra Pak appoints Oshiokamele Aruna as first ever Nigerian Managing Director

Tetra Pak West Africa announced on Wednesday the appointment of Oshiokamele Aruna as the new Managing Director of the company. The appointment of Mr. Aruna, makes him the first Nigerian to attain this position in the history of Tetra Pak,the world’s leading processing and packaging solutions provider.

“My ambition is to reinforce Tetra Pak’s leadership in West Africa, and support our partners and customers in their respective projects. West Africa has a great development potential and I’m glad to become more involved in my native region.” said Aruna.

Beta Glass reports strong start to 2018 as revenue, profit surge

Beta Glass Plc, said that first quarter sales grew 45% to ₦6.4bn, from ₦4.4bn in the preceding year.

The company which makes glass bottles and metal crowns for the beverage industry and others said that Operating Profit, which measures a business profitability after subtracting Operating Expenses but before interest and taxes surged 48% to ₦1.36bn from ₦916m, helped by the strong sales growth.

Beta Glass ends year on a high

Beta Glass Plc, reported a 16% growth in revenue for its full year results ending in December 2017. Sales rose to ₦22bn from ₦19bn in 2016.

The company which makes glass bottles and metal crowns for the beverage industry said that net profit improved 8.3% to ₦4.1bn from ₦3.8bn in the previous year.