Business
High Demand Fuels Beta Glass Capacity Expansion
Even with the enormous challenges faced by glass manufacturers in the country, high demand for empty bottles by the beverage industry is currently fuelling capacity expansion projects in the sector.
Beta Glass Plc, for instance, has become visibly seen to be driving this development with its one-year-old glass furnace and production lines in its plants in Delta State.
The former glass furnace of Beta Glass had a melting capacity of 170 metric tons per day, fitted with four production lines. The new plant brings the company’s overall capacity to 50 metric tons, with a mega furnace that has a capacity of 220 metric tons per day fitted with five production lines. With the new capacity, the company feels more confident of meeting demand for hollow bottles by industrial sectors such as brewery, pharmaceutical and wine makers.
Beyond meeting local demand for hollow glass containers in Nigeria, Beta Glass plans to harness the expanding opportunities in the West Africa sub-region and indeed the sub-Sahara region of Africa. The major operators in the brewery sector and clients of the company include Nigeria Breweries, Guinness, and Consolidated breweries, etc.
Similar improvements in production capacity are also going on at the International Glass Industry Limited, Aba, as well as Oluwa Glass in Ondo State.
The company’s chairman, Christopher Ogunbanjo, puts the cost of the plant equipped with the most modern technology in the glass industry at N3.8 billion, and with a new glass turbine to secure energy needs for the increased capacities. “For a stable and consistent power supply, a 4.9 megawatts gas turbine has been installed”.
The furnace, in addition to the increased capacity, facilitates the production of ultra light-weight bottles for the first time in West Africa. It also uses recycled glass, which helps the envroment as it is pollution free”, Ogunbanjo revealed.
Describing the company as one of the oldest and commercial industial organisations in Nigeria, Ogunbanjo indicated that the company did not overlook the critical issue of regular electrical support needed for uninterrupted production.
Petros Diamantides, Managing Director, Frigoglass, Anthens, said in establishing the world-class operation, they not only appealed to leading equipment producers but at the same time endeavoured to increase local content and input of local expertise and services, this accounted for 25 per cent of the total cost of the project to about N1 billion. Beta Glass is a member of Frigoglass, a multinational organisation and members of the Leventis Group. The management of the company recently declared that demand for new glass packaging by breweries and soft drinks companies boosts its turnover from N7.03 billion to N9.08 billion.
According to Ogunbanjo, despite the challenges faced by the company, our turnover increased from N7.03 billion to N9.08 billion, a growth of 29 per cent that was on the back of a 37 per cent growth last year, adding that “profit after tax rose from N0.87 billion to N1.9 billion, representing a growth of 38 per cent.
“The major growth drivers were the strong continued demand in the breweries and soft drinks sector, and new glass packaging launches from our major customers. Packaging has bee recognised as an effective tool to drive sales and excitement among the consumers by our customers”, he stressed.
The chairman also noted that the company continued to develop and position itself as a strategic partner to its customers to support better value creation in their businesses through securing a reliable supply base to them at a competitive price.
To this degree, he expected quality levels as it has committed to make investments in technology improvements in light-weight bottles and capacity to support the growth of its customers.
He also revealed that the investments in capacities and technology advances to sustain growth also created pressure on the cash flow and debt position, as the debt situation remained high with resulting finance costs.
On the future prospect, he disclosed that there were credible indications that the global recession was going to deepen in 2009 and a harsh economic climate awaited industrics all over the world.
Business
USTR Criticises Nigeria’s Import Ban On Agriculture, Others
The United States Trade Representative (USTR) has criticised Nigeria’s import ban on 25 categories of goods, claiming that the restrictions limit market access for American exporters.
This is the effect of President Donald Trump’s tariffs introduction on goods entering the United States, with Nigeria facing a 14 per cent duty.
The USTR highlighted the impact of Nigeria’s import ban on various sectors, particularly agriculture, pharmaceuticals, beverages, and consumer goods.
The restrictions affect items such as beef, pork, poultry, fruit juices, medicaments, and alcoholic beverages, which the United States sees as significant barriers to trade.
The agency argues that these limitations reduce export opportunities for United States businesses and lead to lost revenue.
“Nigeria’s import ban on 25 different product categories impacts United States exporters, particularly in agriculture, pharmaceuticals, beverages, and consumer goods.
“Restrictions on items like beef, pork, poultry, fruit juices, medicaments, and spirits limit United States market access and reduce export opportunities.
“These policies create significant trade barriers that lead to lost revenue for United States businesses looking to expand in the Nigerian market”, the agency said .
In 2016, Nigeria implemented the ban on these 25 items as part of efforts to control imports and stimulate local production.
Some of the banned items include poultry, pork, refined vegetable oil, sugar, cocoa products, spaghetti, beer, and certain medicines.
On March 26, 2025, the Federal Government also announced plans to halt solar panel imports to encourage local manufacturing as part of its push for clean energy.
Business
Expert Seeks Cooperative-Driven Investments In Agriculture
A leading agribusiness strategist and digital agriculture expert, Ayo Oluwa Okediji, has sought cooperative-driven investments in sustaining growth of poultry industry in Nigeria.
He said the poultry industry was at a defining moment and requires urgent structural reforms to secure its future and ensure long-term sustainability.
Speaking on the theme, “Strengthening Poultry Farming Through Cooperative Synergy and Strategic Investments”, at the recently concluded Oyo Mega Poultry Workshop 2025 in Ibadan, Okediji called on poultry farmers, cooperative leaders, financial institutions and policy makers to rethink the existing structure of the poultry sector.
He stressed the need to transition from fragmented, individually-driven operations to well-structured, cooperative-led enterprises capable of attracting sustainable financing and securing long-term viability.
He said, “Our poultry sector cannot thrive on individual effort alone. We need to organise ourselves into cooperative clusters, build strong governance systems and position ourselves to attract the level of investment needed to sustain this industry beyond this generation.”
Drawing on lessons from successful global cooperative models such as Rabobank in the Netherlands and Landus Cooperative in the United States, Okediji introduced the FarmClusters Poultry Model, a locally adapted solution developed by Agribusiness Dynamics Technology Limited (AgDyna), a subsidiary of AgroInfoTech Africa.
According to him, the model is currently being piloted in Oyo State in partnership with PANOY Agribusiness Limited and local poultry cooperatives.
Business
NACCIMA Proposes Hybrid Oil Palm Seedlings For Farmers
The Rivers State Representative of the Nigeria Chambers of Commerce, Mines, Industries and Agriculture (NACCIMA), Mr. Erasmus Chukwundah, has urged palm oil farmers to consider hybrid seedlings for planting, if they must break even in palm oil business.
Chukwundah said this recently at the Free Oil Palm Business Climate Smart Best Management Practice/Assistance Training organized by Partnership Initiative In Niger Delta (PIND) for Palm Oil Farmers in Elele, Ikwerre Local Government Area.
The Rivers representative said until palm oil farmers begin to consider such hybrid oil palm seedlings, they may not meet up with the daily increasing demand of palm oil in the market.
According to him, the seedlings produce up to 30 bunches at once that ripen same time.
He said PIND decided to partner with Oil Palm Growers Association of Nigeria (OPGAN) to ensure that the message was received by the targeted audience.
According to him, palm oil remained a popular choice of industry operators as it could be converted to many other products such as vegetable cooking oil.
He also noted that products such as motor tyers, marine ropes and others are now gotten from the palm tree.
Chukwundah, who is the immediate past Director-General of Port Harcourt Chamber of Commerce, Mines, Industries, and Agriculture (PHCCIMA), further warned against use of unrecommended fertilisers in growing oil palms.
He noted that such practices could limit its export value or chances as the foreign marketers have a way of detecting such .
He reiterated the need for organic fertilizers, including poultry droppings, to enable them have a natural palm oil.
“People must reduce physical contact with palm oil production. That is why we are campaigning for hydrolic oil mills. The foreign markets are no longer interested in crude method of palm oil production”, he said.
Meanwhile, one of the farmers, Sonny Didia, who appreciated Chukwundah’s commitment towards the concern of farmers, appealed for an urgent need for loan opportunity with low interest rate in order to enable them beat the target.
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