In the same vein, profit after tax for the 2018 third quarter period stood at N3.5 billion, compared to N2.2 billion during the same period last year. According to the unaudited result, revenue increased from N14.8 billion in Q3 2017 to N19.1 billion in Q3 2018. A look at the company’s recent financial performanceīeta Glass Plc recently released its third quarter financial result which showed a considerable improvement, compared to an equally positive result recorded in Q3 2017. Pet bottles are fast becoming a serious source of competition for the likes of Beta Glass Plc. In the meantime, the company still competes with other smaller bottle makers such as Glass Force Limited. What this means is that Beta Glass Plc has to compete with pet bottle manufacturers such as Geeta Plastic Products Limited, Poly Products Nigeria Limited, and others. This is because the beverage industry has over time, refocused its packaging strategy, with growing use of plastic bottles as against regular glass bottles. Chemco started manufacturing preforms in the 1980s and has grown to become the largest manufacturer of high quality preforms required by various industries to feed their high performance filling lines. He is an alumnus of Collège d’Europe in Warsaw, where he bagged a Master’s in Advanced European Studies.Īt the moment, Beta Glass Plc’s main competition stems from companies that are specialised in the manufacturing of pet bottles. He joined Frigoglass Group in June 2012 as a Commercial Director of Glass and has since served several executive positions in the company. The Briton is said to have nearly twenty years of experience in the global glass container business. Mr Bennett-Voci became the company’s CEO in early 2016. One of them is the Chief Executive Officer, Mr Darren Bennett-Voci. A look at the company’s board of directorsĪccording to information contained in Beta Glass’ full-year 2017 financial report, there are currently nine members on the company’s board of directors. Others are Gambia, Gabon, Burkina Faso, Mauritius, Senegal, and Rwanda. These include neighbouring Ghana, Cameroun, Benin Republic, Togo, Guinea, Liberia and Sierra Leone. The company is headquartered in Lagos but has production plants in the Agbara industrial hub of Ogun State, as well as Ughelli which is located in the Southern Nigerian state of Delta.ĭue to the fact that Beta Glass Plc manufactures an uncountable number of bottles, it also sells its industrial goods to breweries outside Nigeria, exporting mainly to West African countries. It also makes glass containers that are used for the packaging of cosmetics and pharmaceutical products. Specifically, the company produces glass bottles for wines, soda drinks, and hard liquor. Incorporated on June 2nd, 1974, Beta Glass Plc is a Nigerian industrial goods company whose business model entails the production and merchandising of glassware. A corporate overview of Beta Glass Plc: h istory, business model, share price, market cap And just in case you already know about the company, then get to know more about its business model, its products and services, its ownership structure, board members, competitors, financial standing, investment opportunities and more. Ironically, this company’s products are used daily by Nigerians, many of whom do not even know of its existence.Īs is the tradition on Nairametrics’ weekly company focus, we will be letting you in on everything you need to know about this NSE-listed company. In Nigeria, one of them is Beta Glass Plc. But the truth is that there are companies whose preoccupation is all about manufacturing the bottles which contain the drinks you take. Moreover, it is easy to assume that drinks manufacturers also make their own bottles. Sunglass Limited is a Nigerian bottle service manufacturing and marketing center for glass containers.Every time you sip from a bottle of cold soft drink or wine, do you ever wonder where the bottle comes from? Let’s agree this is something we seldom do. After all, the interest is in the drink itself and not the container. Sunglass Limited Plot H-8 ,Kudenla Industrial Estate, Birnin Gwari, Kaduna State Nigeria+234 8+234 Write a Review5 stars, 1 reviews VFM Walking Limited is into the production of all kinds of bottles, PET bottles, bottle caps and other range of products in tissues, serviettes, kitchen towels and facial tissues. KM 23, Lekki-Epe Expressway, Oko-Ado, Lagos, Nigeria+234 8 Poly Products Nigeria Limited manufactures all forms of PET bottles for the beverage, packaging and the chemical industries. Km 2 Idiroko Road, Allover Bus Stop, Ota, Ogun State Nigeria+234 8, +234 7 Write a Review Lexcel Group has one of its subsidiaries specialize in the manufacture of PET bottles and other packaging products for various segment from FMCG to medicine. 2B, Adewunmi Industrial Estate, Kudirat Abiola Way First Bank Building, Oregun, Lagos, Nigeria+234, +234, +234
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