BETAGLAS Pays Courtesy Visit to Minister of Industry, Trade, Investment to Discuss $30m Investment

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Tuesday, December 17, 2019 / 04:06 PM / NSE / Header Image Credit: The Guardian


Beta Glass Plc (Beta Glass or the Company) has reiterated its commitment to completing its $30 Million furnace capacity expansion at its Guinea Plant in Agbara, Ogun State on schedule in June 2020. The Chairman of Beta Glass Plc, Otunba Abimbola Ogunbanjo, said this during a meeting with the Minister of Industry, Trade & Investment, Otunba Adeniyi Adebayo CON, in Abuja on Tuesday, December 10, 2019.

 

He said the Company had made considerable progress in engineering and construction works on the furnace capacity expansion and is on schedule to complete the project. He added that the new furnace would increase the plant's production capacity by 35,000 tons per annum and create additional employment opportunities.

 

The Honourable Minister commended Beta Glass for the investment in their Agbara Plant, assuring the Company of the Federal Government's support for the project.

 

The Managing Director/CEO of Beta Glass Plc and Frigoglass Industries (Nigeria) Ltd, Mr. Darren Bennett-Voci, added that the incremental capacity would help the Company meet the growing demand for its glass bottles and jars in Nigeria, as well as boost exports to neighbouring West African countries.

 

He confirmed the introduction of Narrow Neck Press & Blow (NNPB) technology for the first time in West Africa, enabling Beta Glass to produce lightweight non-returnable glass bottles. The capacity expansion will also include an additional production line, improvements to existing production lines and new quality inspection equipment that would further enhance the plant's operational efficiencies.

 

Visit  Beta Glass Plc IR Page in Proshare MARKETS

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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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