Frigoglass Invests €25-30 Million to Enhance Capacity in its Nigerian Glass Operations

Proshare

Wednesday, December 19, 2018 11:38AM / NSE

 

Frigoglass announces today that it will invest €25-30 million to expand its furnace capacity at the Beta Glass Guinea plant, located in Agbara. Ogun state. The investment will increase capacity at the plant by 35,000 tons per year. It includes a new furnace which will replace an existing one which has reached the end of its life, an additional production line, upgrades to existing production lines, as well as, new quality inspection equipment to strengthen the plant's capabilities.

This strategic investment will drive continued growth in the company/s Glass business across the West African region. The new furnace, with an expected productive life of more than 12 years, demonstrates the commitment to both existing and new customers across West Africa.

The plant will also pioneer the use of Narrow Neck Press and Blow (NNPB) technology, which will enable production of lighter weight non-returnable glass bottles for the first time in West Africa. The project is expected to become fully operational in 2020.



Related News

1.              BETAGLAS Declares N2.4bn PAT in Q2 2018 Results,(SP:N78.00k)

2.             BETAGLAS Declares N1.14bn PAT in Q1 2018 Results,(SP:N79.25k)

3.             BETAGLAS Declares N4.12bn PAT in 2017 Audited Result,(SP:N75.70k)

4.             BETAGLAS Announces Resignation of Mr. George Papachristou

5.              BETAGLAS Appoints Ms. Seun Oni as Non- Executive Director

6.             BETAGLAS Declares N2.24 bln PAT in Q3''17,(SP:N54.01k)

READ MORE:
Related News
SCROLL TO TOP