Cadbury Nigeria Plc, a subsidiary of Mondelez International, has reaffirmed its commitment to doing business in the country, despite the current challenging operating environment. The company’s top brands in Nigeria are Bournvita, Hot Chocolate 3 in 1, TomTom, Buttermint, and Clorets chewing gum. In a statement, Oyeyimika Adeboye, MD/ CEO, said: “We are not insulated…
Holcim -the parent company of Lafarge Africa Plc is set to exit Nigeria cement industry ,blaming harsh economy. Reuters reported that Holcim, which owned an 84 per cent stake in Lafarge Africa (WAPCO.LG) said it has now sold its stake to China’s Huaxin Cement for $1 billion. According to Holcim, the deal, projected to be…
Dubai is set to host the Gulf’s first large-scale brewery as a joint venture involving Heineken NV prepares to produce popular beer brands in the emirate. Bloomberg reports that this marks a significant shift in a region traditionally known for its strict regulations on alcohol sales and consumption. Sirocco, a partnership between Heineken NV and…
Seven-Up Bottling Company, has re-launched Pepsi 60cl long throat bottle with “Big Big Tinz (Big Refreshment. Big Value)” as the official theme song for the campaign. In a statement, the Senior Brand Manager, of Seven-Up Bottling Company, Sam Okolie, noted that originally introduced in 2015, the Pepsi 60cl Longthroat bottle is back on shelves in…
Hollywood stars Ryan Reynolds and Rob McElhenney have invested in Wrexham Lager, the oldest British lager brewery still in existence. The investment was made by Red Dragon Ventures, a joint venture formed by Reynolds and McElhenney and the New York-based Allyn family. BBC reports that the famous pair have taken co-ownership of Wrexham Lager, which already…
The Flour Mills Group intends to streamline its 22 business units into five separate entities. Checks by Industrial Times ,shows that among the subsidiaries are Apapa Bulk Terminal, Northern Nigeria Flour Mills, Agri Palm, Agriculture Allied Syrup; BAGCO, Eagle Flour; Golden Fertilizer, Golden Agri Inputs , HoneyWell, Agro Allied Farms Sunti, etc. The company’s Chairman,…
▪︎Alhaji (Dr ) Adeniji Murthada Adeyemi, MD/CEO , Starlink Global & Ideal Limited, African Export-Import Bank (Afreximbank) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos. According to the facility agreement signed on…
▪︎File photo of Coca-Cola The U.S. Labor Department’s Bureau of Labor Statistics (BLS) says owing to investments provided by the Bipartisan Infrastructure Law, CHIPS and Science Act, and Inflation Reduction Act, over 700,000 new manufacturing jobs have been created and over $910 billion in private manufacturing investments have been announced nationwide in the industries of the future….
Image credit: ISS / NASA Steel entered the space age on 30 May 2024 when a 3D steel printer printed its first steel component on the International Space Station. Just a few weeks ago, at the end of May 2024, a 3D metal printer on the European Space Agency’s (ESA) Columbus Laboratory module on the…
The Global Initiative for Industrial Safety (GIFIS) has launched a first-of-its-kind Manifesto for Global Industrial Safety through technology adoption. The International Labour Organization (ILO) reported that annually, about three million industrial workers die globally as a result of occupational accidents. The GIFIS Manifesto was developed in collaboration with the United Nations Industrial Development Organization (UNIDO), Lloyd’s Register Foundation, the Global Manufacturing and Industrialization Summit (GMIS), and…
