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Nairaland Forum / Nairaland / General / Politics / Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. (3388 Views)
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Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by LordNaya: 6:30pm On Mar 15, 2013 |
NB Plc starts expansion of Aba brewery Monday, 11 February 2013 00:00 GODFREY OFURUM E-mail Print PDF Nigerian Breweries (NB) Plc, a foremost brewing company in the country, has commenced the expansion of its production facility in Aba, the commercial hub of Abia State. The Brewing company in 2012 announced plans to inject fresh funds totaling N15 billion, to scale up the production capacity of the brewery by 100 percent. BusinessDay checks revealed that a new packaging line has already been installed, while work is ongoing at the new brew house. Ukeje Udah, Brewery manager, NB Plc Aba, while disclosing the expansion programme to Governor Theodore Orji in Umuahia, the State capital, affirmed that the peaceful atmosphere in Aba, attracted the investment to the State. According to him, the city of Aba has been adjudged as one of the safest towns in the country, which influenced the decision of management to invest in the area. He disclosed that the new facilities when operational would create more job opportunities for the people of the state. Governor Orji, while responding, urged Nigerian Breweries Plc, Aba to explore the possibilities of taking over and reviving the abandoned Golden Guinea Breweries in Umuahia, the state capital, noting that they could use the facilities at Golden Guinea breweries to produce its famous Heineken beer, just as the company has invested N15 billion in its Aba factory. “You could start brewing your famous Heineken beer here and even continue with the Golden Guinea beer since it is a well known brand. What we want is the group that will reactivate it”, the Governor said. According to him, Abia state is very safe for investment. This new investment by NB Plc will further scale up the production capacity of the brewery to 2.4 million hectoliters per annum when completed in 2014. NB is Nigeria’s largest brewer by market value. The company’s shares have risen 11.22 percent this year, compared with a 19 percent advance in the Nigerian Stock Exchange All-Share Index. http://businessdayonline.com/NG/index.php/markets/companies-and-market/51352-nb-plc-starts-expansion-of-aba-brewery |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by LordNaya: 6:31pm On Mar 15, 2013 |
WONDERFUL DEVELOPMENT |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by kettykings: 7:12pm On Mar 15, 2013 |
Aba is really a strategic and fortunate city , so many investments in the food , beverage and power sector, with an additional multibillion naira malting plant and aluminium can plant , the Governor should maximize the opportunities by organizing investment seminars and drive for other investors to capitalize on the booming opportunities in this sector. Aba could host more companies than Lagos can because it shares boundary with oil rich states like Akwa Ibom , Rivers , Cross River and other Big states like Enugu , Anambra that can readily absorb every manufactured product in Aba. Also the city's infrastructure should be expanded so that it wont suffer the fate of lagos that seems to be bursting at it seams. 1 Like 1 Share |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by LordNaya: 8:31pm On Mar 15, 2013 |
@KETTYKING YOU ARE RIGHT; ABA IS AN INDUSTRIAL TOWN |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by IGBOSON1: 1:27am On Mar 16, 2013 |
kettykings: Aba is really a strategic and fortunate city , so many investments in the food , beverage and power sector, with an additional multibillion naira malting plant and aluminium can plant , the Governor should maximize the opportunities by organizing investment seminars and drive for other investors to capitalize on the booming opportunities in this sector. Aba could host more companies than Lagos can because it shares boundary with oil rich states like Akwa Ibom , Rivers , Cross River and other Big states like Enugu , Anambra that can readily absorb every manufactured product in Aba. ^^^The bolded is the problem; if it were a Rochas, Akpabio or a Soludo then i'd be a bit more optimistic. The investment is a welcome addition to Abas' burgeoning industrial profile ![]() Close to $100 million; almost as much as the Sam Miller brewery in Onitsha.....so, so far it's a draw! PS- i'd like to see Aba done up nicely so as the investors are coming in, they wouldn't be put off by the environment. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by Ngwakwe: 6:08am On Mar 16, 2013 |
= More are coming. The newest investment hub of the Nation = |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by Ozonna(m): 8:21am On Mar 16, 2013 |
I think Ϯh℮ reason why companies are coming to Aba is because of Ϯh℮ Geometrix power project. Aba will soon be Ϯh℮ 1st town to experience uninterrupted power supply in Nigeria |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by LordNaya: 4:49pm On Mar 16, 2013 |
PEOPLE ARE COMING TO ABA DUE TO ITS LARGE MARKETS AND CLOSENESS TO LARGE MARKETS UMUAHIA, PORT HARCOURT, OWERRI, UYO, YENAGOA, ONITSHA, ENUGU, AFIKPO, CALABAR BACKED BY A HUGE DEMAND AND AFFORDABLE WORK FORCE. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by peleson: 8:53pm On Mar 16, 2013 |
State governors in the names of orji have been so unfair to that town. I wish ike nwosu is the governor |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by Bliss4Lyfe(f): 9:02pm On Mar 16, 2013 |
All dis Alcohol in the East, hope they will be sold out to the other regions and not mainly consumed in the East. Alcohol consumed excessively can be a source of problems. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by Nightshift(m): 9:30pm On Mar 16, 2013 |
It's good if Factory Road is coming on stronger as it was in the 80s. As an addicted lover of NB's once popular Greensands Shandy, i wish Enyimba City a new industrial renaissance. Enyimba people are talented and very very industrious. May the dreams of Onwuka Kalu and other pioneers of industries in Aba live on! If only Abia govt. will provide the necessary infrastructure to usher Enyimba to the upcoming industrial boom. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by yorubaruler: 1:12am On Mar 17, 2013 |
No doubt Aba is one of the most industrialized cities in Africa with alot of small and medium scale industries and some large industries. I would advise the governor to urgently give aba the attention it deserves. These industrial developments should be encouraged. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by taharqa: 2:21am On Mar 17, 2013 |
This topic just made me recall an article I read last week about the siting of the largest Aluminium Can Manufacturing Plant in Africa also in Aba, been financed by Fidelity Bank, that is nearing completion: Fidelity Bank Plc has expressed its readiness to finance a multi-million naira aluminium can project in Aba. http://www.thisdaylive.com/articles/fidelity-ready-to-finance-aluminium-factory-in-aba/140836/ |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by yorubaruler: 1:18pm On Mar 17, 2013 |
THE EAST AND WEST ARE GROWING AND DEVELOPING WHILE THE NORTH IS GOING BACKWARD DUE TO HIGH INSECURITY CAUSED BY THEIR FANATICISM, BIGOTRY, ILLITERACY AND TERRORISM. ALL THESE REASONS HAVE DRIVEN AWAY FOREIGN INVESTORS AND IGBOS WHO ARE THE MAIN LOCAL INVESTORS POWERING THE ECONOMY OF THE NORTH FOR PROFIT. THE NORTH SHOULD LEARN TO BE TOLERANT AND HOSPITABLE LIKE THE IGBOS AND YORUBAS. OGUN STATE HAVE BEEN GOVERNED BY A CHRISTAIN, MUSLIM AND PAGAN WITHOUT ANY TROUBLE; WITH EACH RELIGION DOING THEIR PRAYERS AND CELEBRATION WITHOUT ANY TROUBLE. ONCE AGAIN AM HAPPY FOR THE GOOD PEOPLE OF ABA AND I URGE THEIR GOVERNOR TO GIVE ABA THE NECESSARY SUPPORT. SIGNED: YORUBA RULER BABA OWO OF IBADAN 4 Likes |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by LordNaya: 7:09pm On Mar 17, 2013 |
THAT'S RIGHT |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by kettykin: 6:34am On Nov 23, 2013 |
Aba is nigerian hottest investment, industrial and commercial city, the government of abia state should go into PPP to develop infrastructure needed to catalyse industrial growth, Aba needs a refinery, the steel and glass industry to revamped and expanded to at least service the brewery and power industry, aba can also host more pharmaceutical companies, allied chemicals plants, food and beverage plants plastics and polymers industries textiles and clothing factories and industries and lots of recycling plants. The economy and gdp of Aba would by now be higher than that of kano state which is a thousand years older than aba and higher than ibadan the capital of the south west |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by iterator25: 6:44am On Nov 23, 2013 |
It's high time we start investing in other African countries too.. Would be a plus to our economy |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by abu12: 9:20am On Nov 23, 2013 |
yoruba ruler : Lord naya or what do you call ur self, why not focus on the topic u create instead of derailing it by bringing north into it? Did the north complain of lack of factory? BTW who need an alcohol factory. If u av half of development of the north in ur SE, only god know what u will say, hypocrite. If terrorism has drivenaway foreign investor from the north, has it drivenaway from SW? U better face ur own problem which including kidnapping armrobbery, and ur new booming factory I.e BABY FACTORY and leave north alone. U can here the Yoruba man who owns Honeywell telling ur governor to tackle security challenges in abia state b4 he will build cement factory for u people. |
Re: Nigerian Breweries Invest 15 Billion Naira To Expand It's Factory In Aba. by iterator25: 9:23am On Nov 23, 2013 |
abu12:lol |
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