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: Ready-to-drink

AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

Symrise opens new Lab in Nigeria

Flavoring and fragrance manufacturer, Symrise has opened its new application laboratory in Lagos. The launch which took place on 4th September 2019 was attended by the company’s management team from Germany as well as customers and guests.

According to the company, the launch of the new lab is meant to deepen the company’s presence in West Africa and to service Nigeria’s consumer demands by sourcing production inputs locally.

Currency devaluations and liquidity restrictions hit Distell Group’s full-year earnings

Distell Group, South Africa’s largest spirits, cider and wine producer with operations in several African countries including Nigeria reported a 45.5% drop in earnings for the full year ending on 30th June 2019. Net profit fell to R909.8m rand, from R1.7bn in the previous year.

Despite an 8% revenue growth in the full-year to R26.2bn (US$1.7bn), from R24.2bn in the previous year, sales volume in its home market declined by 0.9%. The drop was blamed on low consumer confidence as disposable income remained subdued and with increased value offerings by competitors, particularly in beer.

Flavourings Company, Symrise set to open new facility in Nigeria

German-based Symrise, a global manufacturer of flavourings, fragrances, cosmetic active ingredients, and raw materials has announced it will be opening a new laboratory in Lagos on 4th September, 2019 following a media tour of the facility.

The event will mark a new chapter in the company’s interaction with Nigeria, having maintained a sales presence in the country for more than 30 years.

Guinness Nigeria reports lower results for 2019 as slow lager, RTD sales and impact of excise duty drag down revenue and profits

Guinness Nigeria Plc has reported declines in revenue and profit for the full-year ending on 30th June 2019.

The company blamed sluggish sales in the lager and ready-to-drink segment as well as the impact of the second wave of a new excise duty on alcohol and tobacco that went into effect in June 2018 for the lower results. Revenue declined by 8% to N131.5bn from N143bn in the previous year.

Heineken to expand capacity in South Africa brewery as its market grows

Heineken NV has announced it will spend US$67m in South Africa to expand capacity at its Sedibeng brewery.

The company produces ciders and beer at the brewery it co-owns with Namibia Breweries Limited (NBL). Some of its brands include Heineken, Amstel, Windhoek and Strongbow. The plan is to enlarge the brewery’s capacity from 5.3m hectoliters to 7.5 million hectoliters per year to accommodate demand.

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 who do not like alcohol. The flavour variants and cream masks the taste of whisky or other distilled spirits, and compared to other spirits categories, the alcohol base volume (ABV) is usually tame, between 13% – 17%, which is more tolerable for the target market. Also, the drink does not require a mixer to consume. It can be consumed straight out of the bottle either chilled or with ice.

Diageo and AB InBev near RTD licensing deal in South Africa as Competition Commission stamp their approval

South Africa’s Competition Commission on Friday gave its green light for a partnership deal between AB InBev and Diageo in South Africa.

South African Breweries (SAB), the local unit of Anheuser-Busch InBev will get the franchise rights to manufacture, market and distribute Diageo’s Smirnoff ready-to-drink (RTD) brands in South Africa. The licensing deal includes Smirnoff Storm, Guarana, Spin Cooler, Pine Twist, and Berry Twist but excluding Smirnoff vodka. SAB will also produce Guinness products but excluding Guinness Foreign Extra Stout and Guinness Malta brands, which would still be imported from Ireland.

Food & Beverage Exhibition set for June 18th – 20th in Lagos

More than 150 exhibitors are expected to take part in the Food and Beverage West Africa (FAB) show, which opens its doors from June 18 to 20 at the Landmark Centre in Victoria Island.

Over a third of exhibitors are from Nigeria, while more than 20 countries will be represented, with Benin, Morocco, South Africa and Kenya among the participating African countries.

Smoov Chapman marks Mother’s Day with big Celebration

SMOOV Chapman, a product of The La Casera Company held its much anticipated mother’s day party, ‘SMOOV moms’ day out on Sunday, the 12th of May 2019, at the prestigious Radisson Blu Hotel with over 180 Chapmoms in attendance. Attendees were treated to an exciting time from the entrance into the hall with red carpet sessions and a 360 phototainment booth with different costumes.