The Nigerian Bottling Company (NBC) Plc producers of the popular coke, fanta and sprite brands has concluded arrangements to inject fresh investment worth over N10 billion to boost volume of its operations in the country this year.
This is the second investment the multinational soft drink company is injecting into its operations after it made $150 million investment into the economy in 2005, the largest single foreign in Nigeria in recent times. In 1999, it equally made a $50 million investment in the country, just at the inception of democratic rule in Nigeria.
These direct investments resulted in the ultra modern bottling plant in Benin City. The Benin plant has further been expanded into Nigeria’s first high technology juice producing factory producing the 5 ALIVE brands of juices.
That initial investment has resulted in cumulative investments of over $300 million as at today.
Managing Director of the company, Roland Ebelt speaking at the commissioning of NBC Apapa Effluent Treatment plant in Lagos recently, said the company’s plant at Ikeja would be one of the first recipients of the 15 combined heat and power plants to be built in 12 countries in the next 2 years.
He added that NBC was partnering Coca cola Hellenic Bottling Company in South Africa to recycle its Nigerian PET Bottle. The effluent plant he said, was a fulfillment to the promise made by the company some years ago to build these treatment plant in each of the company’s bottling facilities across the country.
This development according to the company is to ensure that the waste water generated from manufacturing processes is free from all environmental pollutants and safe to support aquatic life and agriculture.
The Apapa effluent plant brings to seven, the number of such plants in the company’s operations.
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