Tag Archives: UACN Plc

Ekiti State Government revives Gossy Table Water

May 16, 2019   Editor   No comments

The Ekiti State Government on Tuesday commissioned Gossy Table Water production plant, indicating the commencement of full scale production of the popular table water brand, a year after the parent company was liquidated.

The commissioning was led by the Governor of Ekiti State, Dr Kayode Fayemi, who led other dignitaries to the plant.

Commenting on the re-launch, Fayemi said it was regrettable that the Gossy Water Company, which could have been generating revenues for the state, went moribund due to lack of conducive environment for ease of doing business in Ekiti State after he left office in 2014.

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UAC Foods appoints Oladele Ajayi as new Managing Director

August 13, 2018   Editor   No comments

The Board of UAC Foods Limited has appointed Dr Oladele Ajayi as its new Managing Director.

Dr Ajayi holds a PHD in Mechanical & Process Engineering from the University of Strathclyde, United Kingdom and an alumnus of the Advance Management Program of Harvard Business School.

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FOBTOB hails court judgement against Union busting firms

March 30, 2018   Editor   No comments

The National President, Food, Beverage and Tobacco Senior Staff Association (FOBTOB), Comrade Quadri Olaleye, has applauded the judgement of the National Industrial Court (NIC), ordering two Jos-based firms to recall 28 workers who were sacked three years ago for engaging in union activities.

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UACN to liquidate Warm Spring Waters Nigeria Limited

February 16, 2018   Editor   No comments

United Africa Company Nigeria Plc (“UACN Plc”), a diversified conglomerate and one of Nigeria’s oldest companies announced on Thursday that it will wind up the assets of one of its subsidiary businesses, Warm Spring Waters Nigeria Limited, makers of ‘Gossy’ Table Water based in Ikogosi, Ekiti State.

The company cites weak operational performance due to problems associated with the rural location of the plant at the source of the spring water, logistical challenges, 100% reliance on company-generated power and a difficult operating environment as reasons to shut the business.

Warm Springs Waters commenced business in 2002 in Ikogosi, Ekiti State, in partnership with the Ekiti State Government and some private investors to produce premium quality spring water under the ‘Gossy’ brand.

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