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: Soft drinks

Osaro Omogiade appointed Managing Director of Nosak Distilleries

Nosak Group has appointed Osaro Omogiade as the new Managing Director of Nosak Distilleries, one of its subsidiaries. This was disclosed in a statement by the Nosak Group on Thursday.

According to the statement, Osaro Omogiade is an experienced Manager in Process Engineering. He is an alumnus of Business School Netherlands, Nigeria (BSNN) and the Lagos Business School. He holds a first degree in Industrial Chemistry from the University of Nigeria, Nsukka and a Masters in Process Engineering from the University of Lagos (UNILAG). He is also a member of the Nigeria Institute of Production and Operation Management and has held different positions in major manufacturing companies including, production, research/development, project and management of operations.

Coca-Cola Nigeria unveils Limca Cola

Coca-Cola Nigeria Limited has announced the introduction of Limca Cola, a new variant launched to expand the foot print of the Limca brand.

According to a statement issued by the company, Limca Cola is a good quality sparkling soft drink with a unique cola taste to deliver refreshment to consumers on-the-go.

Speaking on the new product, Franchise Marketing Manager, Coca-Cola Nigeria, Gbolahan Sanni, said: “We are excited about the introduction of Limca Cola to the Nigerian market. Limca Cola is a reaffirmation of our commitment to innovatively refreshing our consumers on-the-go with a good quality product, unique cola taste at an affordable price.”

SONA Group Opens Water treatment Plant

The Sona Group of Industries has inaugurated effluent treatment plants in Sango -Ota, Ogun State. The treatment plants were inaugurated in four of subsidiary units of Sona Group, namely: Euro Global Foods and Distilleries Limited, Sona Agro Allied Foods Limited, Food, Agro and Allied Industries Limited and Shongai Packaging Industries Limited were also inaugurated.

The treatment plants are expected to treat the wastewater produced by the industries, which are undesirable by- products before release into the environment.

Union hails FG for addressing high number of ‘Expatriates’

The National Union of Food, Beverage and Tobacco Employees (NUFBTE) has commended the Federal Government for tackling the influx of expatriates in the country.

NUFBTE President, Comrade Lateef Oyelekan, was quoted as saying that prior to the election of President Muhammadu Buhari, the country was bedeviled with influx of foreigners, who disguised as expatriates to corner the scanty jobs meant for Nigerians, thereby making more competent Nigerians second class citizens.

PepsiCo limps to year end as rising costs crimp earnings

PepsiCo, the company behind such brands as 7Up, Pepsi Cola, Mountain Dew, Aquafina bottled water, among others reported a 2% revenue growth for the full year 2018 to $64.6bn. Fourth quarter sales was flat at $19.5bn.

Full year net income rose to $12.55bn, from $4.9bn in the previous year, while fourth quarter net income showed a profit of $6.85bn compared to a loss of -$710m in the same period in the previous year due to a one-time $2.5bn tax charge related to the new U.S. tax law. 

Coca-Cola HBC buys Serbian Confectionery Company, Bambi

Coca-Cola Hellenic Bottling Company (CCHBC) has acquired Serbian confectionery company Bambi in a deal valued at €260 million.

Bambi, which was formed in 1967, manufactures a range of products, including biscuits, wafers and savoury snacks. Its brands include Bambi, Plazma, Wellness, Zlatni Pek, and Josh.

Coca-Cola HBC ends year on a high

Coca-Cola HBC AG, the parent company of the Nigerian Bottling Company Limited (NBC) and group bottler in 27 European countries said that 2018 full year revenue grew by 2.1% to €6.7bn.

The firm said that sales growth was driven by 4.2% volume growth across all segments, buoyed by Sparkling beverages. However, Italy and Nigeria saw volume declines, with the company faced with a competitive environment in Nigeria.

Coca-Cola full year revenue fall on refranchising costs, currency headwinds

Beverage giant Coca-Cola on Thursday announced its results for full year 2018. The company reported a 10% decline in revenue to $31.9bn, down from $35.4bn in 2017, with sales falling 6% in the fourth quarter to $7.1bn. The company blamed the decline on costs associated with bottler refranchising of company owned operations and currency headwinds.

Coca-Cola to launch Orange Vanilla Coke flavour in the US

The Coca-Cola Company has announced it will launch its first new trademark Coca-Cola flavour in the US in more than a decade.

The beverage giant said that the new trademark Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar will be available as of 25 February.

Speaking on the launch, Coca-Cola Brand Director, Kate Carpenter, said “We wanted to bring back positive memories of carefree summer days.

Pressure led us to re-purpose our Enugu plant – NBC

The Nigerian Bottling Company Limited (NBC) has said that demand-side pressure on its products was the reason for the closure of its Enugu production plant.

The beverage giant, who is the sole bottler of Coca-Cola products in the country, announced in January that it was closing production at the Enugu plant and would re-purpose the facility as a material handling and logistic hub for the South East region.