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Nigeria: Nigerian Brewery - Lagos, Kaduna to Get New Plants
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Leadership (Abuja)
9 May 2008
Posted to the web 9 May 2008
Teddy Nwanunobi
Kaduna
Two states, Lagos and Kaduna, will be the next beneficiaries of what the Nigerian Breweries Plc has termed 'a strategic plan of action', as the company has disclosed an intention to build two new factories (one in each of the two states) in the country.
Chief executive officer of the company, M.J.Herkemij, hinted that the construction of the new plants in the country was part of the company's strategy to maintain its position in the industry, as well as contribute towards the country's economic growth.
Herkemij, who spoke to newsmen in a media briefing said, "as part of our market outlook for 2008, two new plants will be built in Lagos and Kaduna. We will continue to expand our investments in the Nigerian economy".
According to the CEO, who also disclosed that the briefing was to herald the company's Annual General Meeting (AGM), subject to approval during the meeting would be the company's hope to declare a N2.50K dividend per share.
NB Plc, which came out with its first brand (Star Lager Beer) 61 years ago, now has five breweries located across Nigeria.
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One of the breweries, located at Ama in eastern Nigeria, is regarded as one of the ten most sophisticated factories in the world.
The brewery chief also hinted on his company's intention to invest in the nation's agriculture sector.
"We also want to invest heavily in the agriculture sector by encouraging the planting of sorghum, so that farmers can get quality yields and income," the brewer y chief added.
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