Tag Archives: juice companies

Avon Crowncaps suspends trading on the Nigerian Stock Exchange

August 31, 2017   Editor   No comments

Avon Crowncaps & Containers Nigeria Plc, makers of screwcaps, metal containers and steel drums for a diverse industry including beverage companies (soft drinks producers, juice and dairy makers, brewers and spirits producers) among others announced on Thursday that it was suspending the trading of its shares on the Nigerian Stock Exchange (NSE) effective 31 August 2017.

The company which has seen its fortunes decline over the last five years had sought to buy out its minority shareholders who hold about 21% of the firm’s shares so it can be taken private and restructured.

Avon Crowncaps is majorly controlled by Wilko Corporation, a private company registered in the Bahamas.

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Fan Milk donates goods to Lagos Orphanage

March 06, 2017   Editor   No comments

Fan Milk Nigeria Plc, a leading maker of frozen yoghurt and other dairy-based drinks has donated its products, as well as food items, toiletries and branded exercise books to the Modupe Cole Memorial Child Care and Treatment Home School in Lagos as part of its Corporate Social Responsibility and to celebrate this year’s Valentine’s Day.

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Avon Crowncaps posts loss despite strong revenue growth in Q3

February 04, 2017   Editor   No comments

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry and others said that revenue for the third quarter (Oct – Dec) rose 67% to N6.4bn, from N3.8bn in the prior period.

However, a higher cost of sales of N5.8bn, an 87% increase from the prior year’s N3.1bn left little gain in the form of operating profit to cover expenses.

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NAFDAC declares war on fruit juice importers, retailers; raids shops in Kaduna, Onitsha

December 24, 2016   Editor   No comments

The National Agency for Food and Drug Administration and Control (NAFDAC) on Friday moved against importers and retailers of fruit juices in what the agency called a “mop-up” exercise of foreign banned juices in the country.

In Kaduna State, where the exercise was in full-swing, the agency’s Coordinator for the state, Mr. Natim Mullah-Dadi, said that the exercise was as a result of Federal Government import prohibition list with emphasis on super and central markets in the state.

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Egypt raises tariffs on imports including fruit Juices, Ice cream

December 21, 2016   Editor   No comments

Egyptian Government has begun the process of implementing higher tariffs on 320 commodities including fruit juices and ice cream with the aim to reduce imports and boost local production, the Finance Ministry said.

The Government of President Abdel Fattah al-sisi passed a decree to increase tariffs with the objective of creating the necessary climate to attract investment into the country and give a strong boost toward increasing productivity, as well as cutting imports.

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Viju extends line into Yoghurt drinks

December 02, 2016   Editor   No comments

Viju Industries Nigeria Limited, makers of fruit-flavoured milk drinks which come in different flavours announced it was adding yoghurt drinks to its product line.

The Chinese dairy company which entered the Nigerian market in 2004 makes fruit-flavoured milk drinks derived from milk powder, sugar and fruit juice. Its sales have grown over the years and it now wants to add fast growing yoghurt segment to its product line.

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Avon Crowncaps extends loss to Q2

November 29, 2016   Editor   No comments

Avon Crowncaps & Containers Nigeria Plc, makers of screw caps and metal containers for the beverage industry reported a net loss of N86m for the third quarter ending 30th September. In the same period in 2015, it recorded a net loss of N16m.

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NAFDAC to prosecute supermarkets selling imported fruit juices in 2017, says Oni

November 27, 2016   Editor   1 Comment

The Acting Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Mrs. Yetunde Oni, has thrown down the gauntlet, stating that the agency will begin to prosecute supermarkets and stores found selling imported fruit juices as well as importers of the said product come January 2017.

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Dansa Foods embarks on lay-offs, suspends juice production as recession takes its toll

October 24, 2016   Editor   No comments

Dansa Foods, a unit of Dangote Industries Plc, one of Nigeria’s largest conglomerates and private employer is reported to have sacked half of its workforce amid dwindling sales, tight liquidity and high cost of production attributed to the high foreign exchange costs in the country.

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Avon Crowncaps losses widen in Q1 despite revenue growth

August 18, 2016   Editor   No comments

Avon Crowncaps & Containers Nigeria Plc, manufacturers of screw caps, metal containers and steel drums for a diverse industry which includes beverage companies (makers of soft drinks, juice, dairy, brewers, spirits producers), pharmaceutical and oil industries among others reported a net loss of N202 million in the first quarter of 2016 (Apr – Jun) despite posting a 20% rise in revenue to N4bn, up from N3.4bn from the same period in the previous year.

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