Tag Archives: Soft drinks

Osaro Omogiade appointed Managing Director of Nosak Distilleries

February 22, 2019   Editor   No comments

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.

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Vimto soft drinks now in 35 African countries – Nichols

May 25, 2018   Editor   1 Comment

British soft drinks maker Nichols plc announced it has launched its Vimto soft drinks in Benin Republic, Ivory Coast, Equatorial Guinea, Mauritania and Uganda, expanding its presence in Africa to 35 countries.

The company which had $43.6m in overseas sales in its latest results said it has made two new appointments to support its international business as year-on-year growth hit 20.3%.

Nichols said it has been particularly buoyed by sales in Africa which grew 21.2% in 2016.

The Vimto brand which was first exported to Africa in the 1920s and ’30s has grown popular in some African markets and is now been bottled locally under licenses in 29 countries including Nigeria, South Africa, Cameroun, Egypt, Mali and Senegal.

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Rite Foods holds maiden Beverage Award for Distributors, Trade Partners

May 01, 2018   Editor   26 Comments

Rite Foods Limited, a new player in the Food and Beverage sector with such brands as Bigi Cola, Bigi Orange, Fearless Energy drinks, among others held its very first distributors and trade partners award on 26 April 2018 in Oregun, Ikeja, Lagos.

The forum, themed the 1st National Consumer Forum for Beverage, was a platform for the company to appreciate its loyal customers for their patronage over the last 10 years.

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SON convenes stakeholder’s meeting to review standards for beverages

March 12, 2018   Editor   No comments
SON

The Standards Organisation of Nigeria (SON) has stressed the need for Nigeria to generate her own data on Benzene level in soft drinks in order to arrive at the safe maximum level of benzoic acid or opt for alternative preservatives.

Mr. Osita Aboloma, the Director General of Standards Organisation of Nigeria (SON), stated this at the Technical Committee meeting on water, alcoholic and non-alcoholic drinks held in Abuja.

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AB InBev buys Energy drinks firm Hiball

July 21, 2017   Editor   No comments

Anheuser-Busch InBev on Thursday announced the acquisition of Hiball Inc – an energy drinks company based in San Francisco, California. The terms of the deal were not disclosed.

Hiball was founded in 2005 and makes a line of energy drinks with ingredients such as guarana and ginseng, as well as Alta Palla, a line of sparkling juices.

AB InBev said it plans to deliver Hiball products to new markets, while preserving their culture and brand identities.

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Nigeria ranked 4th largest market in soft drinks sales globally in 2016

March 30, 2017   Editor   2 Comments

According to a recent released statistics, 38.68 million litres of soft drinks were sold in Nigerian in 2016.

This was disclosed by Mrs. Martina Claus, Head of Market Development, German Engineering Federation, on Wednesday at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos.

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National Assembly to investigate NBC, others over harmful content in soft drinks

March 23, 2017   Editor   No comments

The Federal House of Representatives on Wednesday moved to form an ad hoc committee which would investigate the quality of products produced by the Nigerian Bottling Company Limited (“NBC”) and other soft drinks producers in the country.

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Saudi Arabia to place hefty tax on Soft drinks, Energy drinks amidst dwindling oil revenue

January 06, 2017   Editor   No comments

Saudi Arabia has announced that it will place a 50% levy on sweetened beverages such as soft drinks and a 100% tax on energy drinks and cigarettes as it looks to boost revenue amid falling oil prices.

The new taxes were first proposed by the Gulf Cooperation Council (GCC) last December, but Saudi Arabia recently signed the agreement.

The country said that the increases are part of an “excise tax on harmful products”. The taxes will come into effect in April 2017.

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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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Coca-Cola HBC reports 2015 revenue and profit decline on currency headwinds

February 19, 2016   Editor   No comments

Coca-Cola Hellenic (HBC) AG, the bottler of Coca-Cola products in 28 countries, including Nigeria reported a 2.5% revenue decline in 2015 full year to €6.35bn ($7bn). Profits also fell 4.9% to €280.3m for the year despite volume growth.

The company said currency devaluations reduced revenue by 5.1 percentage points.

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