Champion Breweries Plc plans to launch a canning line later this year to strengthen its product distribution network and improve market penetration.
The company’s Chairman Imo-Abasi Jacob, disclosed this noting that the company has recorded significant growth over the last three years following the emergence of a new core investor.
He explained that the move would enable the company to achieve a better product mix between bottles and cans while ensuring wider availability of its products across markets.
Jacob further noted that the company’s strategy is centred on measured and sustainable growth rather than short-term expansion, stressing that the board remains committed to ensuring long-term profitability and value creation for shareholders.
Jacob assured shareholders that following the successful conclusion of a rights issue that has increased its issued share capital, the firm now operates from a more stable and resilence platform of improved profitability, a strenghtened capital base and a clearer strategic direction.
