Nigerian Breweries Plc has scheduled a meeting for Friday, 8th December to consider making major changes to the composition of its Board of Directors. In a letter sent to the Nigerian Stock Exchange (NSE) on Friday, the company said that “One of the items on the agenda is a proposal for changes in the composition of the Board of Directors (“Board”) of the company.” While details of the board changes have not been made public, there are indications that the company may decide to reconsider the appointment of some directors or reduce the number of persons on the 16-member board. Nigerian Breweries is the country’s largest brewer and majorly controlled by Amsterdam-based Heineken N.V. which holds 55.95% shareholding, while other shareholders (foreign and Nigerians) hold the remaining 44.05%.
Grupo Modelo, Mexico’s largest brewer and a subsidiary of Anheuser-Busch InBev has announced plans to construct a new brewery considered the world’s second largest at a cost of 14 billion Mexican pesos ($755 million). The brewery will be located in the city of Alpan, Hidalgo in central Mexico. The construction of the brewery is expected to be completed by March 2019 and will have the capacity to produce nine million bottles of beer per day, according to Grupo Modelo Chief Executive, Mauricio Leyva. Grupo Modelo, which produces beer brands such as Corona Extra, Pacifico, Modelo and Victoria among others, said that the construction of the brewery will create 3,000 jobs and “more than 1,200 direct permanent jobs during the operation phase.” “Through this investment, Grupo Modelo reiterates it
Coca-Cola has announced it will pilot a new Coca-Cola drink sweetened with Stevia instead of sugar next year. The beverage giant made the announcement recently during its Investor Day Conference in Atlanta, Georgia, USA. According to the company, Coca-Cola Stevia No Sugar will be 100% sweetened with Stevia, a plant-based sweetener that has zero calories and does not have an aftertaste, a problem the company has faced with previous formulations such as Diet Coke and Coca-Cola Zero. This would not be the first time Coke has used Stevia in drinks. In fact, the company currently markets Coca-Cola Life, which is sweetened with Stevia and cane sugar in 30 markets around the world. The combination results in 35% fewer calories than the Classic Coca-Cola. The difference in the new initiative is th...
Chi Limited has unveiled a new variant of its ‘Happy Hour by Chivita’ into the juice market. The new creation called ‘Chapman Happy Hour by Chivita’ joins other popular variants from the brands stable such as Splashing Apple Peach Pear, Groovy Kiwi Mint Lime, Peach Pop, Totally Tropical and Guava Cheer to offer consumers more choices for refreshment. According to the firm, the new Chapman Happy Hour by Chivita contains a blend of fruits and is poised to gain huge acceptance by Nigerians because it infuses our culture and style in a refreshing mix. Chapman is a locally made Nigerian fruit drink that mixes blended fruit juices with Angostura bitters, and a few beverage companies have found ways to commercialize it. Speaking on the unveiling of the new variant, Marketing Director of Chi Limit
Sona Group of Industries said it is seeking the Federal Government’s intervention to ban the importation of sorghum, barley and biscuits into the country as Nigeria produces enough to meet local needs. The call was made by the company’s Group Chief Operating Officer, Mr. Ashok Manghnani, in Ota, Ogun State, at the unveiling of the firm’s new production line by the Minister of State for Commerce, Industry and Trade, Aisha Abubakar. Manghnani noted that the group has invested over $650 million in over eight of its subsidiaries and employs over 8,000 personnel, adding that the group has not only the capacity to meet local demand but also has started exporting to Senegal, Ghana and Abidjan, with sights set on other African countries. He cautioned that allowing imports of goods that the country
Coca-Cola Nigeria has announced the launch of a 50cl Eva Twist Bottled Water as it seeks to bolster its presence in the market. The soft drinks maker noted that the new bottle uses 18% less plastic which is in furtherance of its commitment to secure a friendly environment as well as serving consumers better. All up till now, Coca-Cola Eva bottled water only came in 75cl plastic bottles. Speaking on the new product, the company’s Marketing Manager, Patricia Jemibewon, said that the company acknowledged the essence of packaging in delivering products to consumers. “We envision a world in which our packaging is seen as a valuable resource for future use. Our packaging vision is zero waste, which means we are working to support initiatives that enable recovery and reuse of our packaging,” she
Malta Guinness Herbs Lite, a malt brand from the stables of Guinness Nigeria Plc has won the ‘Fair Competition and Creativity Nigeria Awards’ (FCCNA) for its innovation and creativity. The award ceremony which took place on Thursday, November 9th, 2017 at the Lagos Chamber of Commerce and Industry was organized by the Consumer Rights Awareness Advancement and Advocacy Initiative (CRAAI). The Fair Competition and Creativity Nigeria Award (FCCNA) aims to encourage and reward companies and organizations that use innovation and creativity as tools to continually deliver superior products and services in the market place despite environmental challenges. “Our consumers are always at the heart of what we do, and we constantly strive to innovate with exciting products to delight them; we are happ
Global beer behemoth Anheuser-Busch InBev has said it is committed to a long-term investment in Nigeria. This was as the firm announced in a press conference in Lagos on Wednesday, the construction of a new brewery in the country, located in Sagamu, Ogun State, at a cost of over $250 million. The company noted that the new brewery which is expected to be completed in 2018 would be its second largest in Africa and a testament to its long-term view of the country. Speaking on the company’s activities in Nigeria, Annabelle Degroot, Managing Director-designate, International Breweries Plc (IBPlc), said: “We are investing in a fourth brewery, a large brewery outside of Lagos, in the Sagamu area that will come on line next year and it’s our largest brewery in Africa outside of South Africa. Degr
Anheuser-Busch InBev announced on Monday the appointment of a new North American head, Michel Donkeris to replace João Castro Neves, a 20-year veteran of the Belgian/Brazilian brewer as beer sales in the U.S., the company’s most important market continue to lag. The company said in a statement that Mr. Neves who had been in charge of the North American division for two years would be leaving the company “to pursue other opportunities” and thanked him for his 22-years “distinguished career” at the firm. Mr. Doukeris, who is the brewer’s global chief sales officer, also a 20-year veteran of the firm has until now been in charge of the company’s Asian operations, helping to grow Budweiser globally and launched the firm’s premium beer business. Budweiser, one of the company’s global brands has
Barring any unforeseen hiccups, Sona Group, a diversified conglomerate with interests in the beverage industry, biscuits, food and allied products among others said it has set a January 2018 date for the completion of a N3 billion ethanol plant it is constructing. The group hopes to meet local demand of ethanol with a daily production capacity of 120,000 litres, which translates to 43.8 million litres per year. The plant which is located at the company’s facility in Sango-Ota, Ogun State is expected to meet the company’s needs with the remaining being sold to local multinationals such as beverage manufacturers, pharmaceutical companies and others. The firm noted that it has also received interest across the West African Coast including Ghana, Togo, Republic of Benin, Gabon, Senegal, Ivory