Frigoglass, a manufacturer in commercial refrigeration and West Africa’s leading glass producer, has announced its intention to invest between €25-€30 million to expand its furnace capacity at the Beta Glass Guinea plant, located in Agbara, Ogun State, Nigeria.
According to the company, the investment will increase the plant’s capacity by 35,000 tons per year. The project will encourage the replacement of an old furnace, an additional production line, upgrades to existing production lines and new quality inspection equipment to strengthen the plant’s capabilities.
The plant will also pioneer the use of Narrow Neck Press and Blow technology, which will enable Beta Glass to produce lighter weight non-returnable glass bottles for the first time in West Africa. The project is expected to become operational by 2020.
Speaking on the project, Chief Executive of Frigoglass, Nikos Mamoulis said “this strategic initiative demonstrates our commitment to implement investments that will enable the Group’s future growth. It supports the growth of our international and regional beverage customers in the high growth potential West African region”.
Chairman of BetaGlass Plc, Abimbola Ogunbanjo, who also commented on the expansion, said “we continue to implement investments to better cater to the growing needs of our customers for glass packaging. This investment will significantly increase our annual capacity, allowing us to meet growing demand, not only in Nigeria, but in many countries across West Africa”.
Glass Division Director of Frigoglass and Managing Director of Beta Glass Plc, Darrren Bennet-Voci said “this new larger furnace secures the livelihoods of our existing employees in Agbara, and creates not only additional jobs but also shareholder value and contributes positively to the development of the local community”.