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: Beer

Yemi Osinbajo commends International Breweries Foundation’s Kickstart programme

International Breweries Kickstart Programme

Vice President Yemi Osinbajo has lauded International Breweries Foundation, the social investment vehicle of International Breweries Plc, for awarding grants of over N73 million to 90 deserving young entrepreneurs through its Kickstart initiative. The landmark award ceremony took place on Thursday, 28 November 2019, at the Edmark Centre in Lagos.

Star Lager gets a new look

Star lager new loook

Star Lager, the flagship beer brand of Nigerian Breweries Plc has launched an all-new label and great taste.

The new Star lager was unveiled at the first “Access the Stars” concert which first took place in Abeokuta and at a second concert in Lagos.

According to the brand handlers, this change in label further cements Star Lager Beer as a market leader in the beer industry and adds to the long list of achievements to be celebrated as the beer brand turns 70.

Danish firm FOSS Analytical partners Nigerian firm PAGI to boost food production and safety

Foss Analytical Business

FOSS Analytical Business, a leading manufacturer of innovative high-end analytical instruments from Denmark has partnered Prime Atlantic Global Instruments Ltd (PAGI), an indigenous firm to boost production, food safety and chemical analysis.

The launch of the partnership between FOSS Analytical Business and PAGI took place in Lagos on Monday.

Speaking at the launch, Mr Michael Moller, the Area Sales Manager of FOSS, said that the decision to partner with Prime Atlantic Global Instruments Ltd. (PAGI), a Nigerian company, was because of professionalism.

Budweiser rewards employees, trade partners

Budweiser

Budweiser, a premium brand of International Breweries Plc, a proud member of the AB InBev family has concluded plans to sponsor top-performing sales staff and distributors to watch select European Premier League matches as a way of rewarding and appreciating them for their hard work and commitment.

The company is rewarding a total of 54 persons for their performance in the recent financial year and to encourage them to do better.

AB InBev set to inject N123bn in Nigerian operation

International Breweries logo

Anheuser-Busch InBev (AB InBev) is said to have committed to investing more than N123bn in its Nigerian operation.

According to a report by the Nations’ Newspaper, sources at the weekend said AB InBev was in support of the rights issue planned by International Breweries Plc, its Nigerian subsidiary and had committed to participating fully in the new capital raising exercise.

The capital raising comes on the heels of growing debt at the brewing company as it seeks to grow its presence in the Nigerian beer market and take market share from its rivals, Nigerian Breweries Plc and Guinness Nigeria Plc. The company recorded a net loss of N4bn in fiscal year 2018 and the losses have continued into the first-nine months of 2019, recording N16.4bn in net loss.

Int’l Breweries to raise $458m through ‘rights issue’

International Breweries Plc products

International Breweries Plc said it plans to raise N165bn ($457.7m) in a share sale as it seeks to pay down mountain debt and reverse losses.

According to a Friday report by Bloomberg, current shareholders of the company may get share offers in November if the company gets clearance from Nigerian regulators, the company said in an email presentation on Thursday.

The company’s losses hit N16.4bn in the nine months through the end of September, from N7bn in the previous year, primarily driven by high finance cost.

Stakeholders harp on need to harness cassava value chain

cassava

The Nigerian Cassava Growers Association (NCGA) has said that the crop has the capacity to generate N10 trillion and save Nigeria over N1.2 trillion from import of derivatives such as ethanol, starch and sweetener.

The Association’s President, Mr Segun Adewunmi, who spoke in Abuja recently, lamented that the huge potential in cassava value chain had not been well explored. He said in spite of being adjudged the highest producer of cassava in the world, Nigeria was not reaping enough from the commodity.

Beta Glass maintains growth momentum in nine months with strong boost from Qtr3

Beta Glass Guinea Plant, Agbara, Ogun State

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 an N7.5bn rise in sales, a 24% growth.

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.

Danish beer giant Carlsberg unveils ‘world’s first’ paper beer bottle

green-fibre-bottle-prototype-with-carlsberg-pilsner

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.

AB InBev to replace paper labels with direct print on bottles

direct label print technology

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.