Beta Glass Plc has projected that the $30 million investment to expand its furnace capacity at its plant in Agbara, Ogun state is schedule to be completed in June 2020.
The company said that when it becomes operational next year the new furnace will increase the plant’s annual capacity by 35000 tons and pioneer use of the narrow Neck press and blow ( TNNPB) Technology in West Africa, enabling Beta glass to bring lighter weight, non returnable glass bottles to market in Nigeria for the first time.
The organisation also said that the new furnace will have a planned productive life of more than 12 years and will replace the existing furnace which will end its productive life by next year. The new furnace project also includes an additional production line, improvements to existing production lines including the latest quality inspection equipment which will further enhance operational efficiency.
The new furnace which will be among the most advanced of its kind globally will be instrumental to Beta Glass strength ending its position as the leading supplier of glass bottles and complementary packaging products in West Africa.
Commenting on the development, Chairman of Beta Glass Plc, Otunba Abimbola Ogunbanjo said ” the new furnace will enable us to leverage the latest technology and our technical expertise to make world class glass packaging products in Nigeria while promoting sustainability and improving our environmental footprint. This investment will enable growth and create long term value for both our shareholders and society”
Managing Director of Beta Glass Plc, Darren Bannetti-Voci, said “we are delighted by the progress we have made so far on the expansion project. Our investment in this state of the art facility reaffirms our deep faith in Nigeria and the high growth potential of West Africa. The new furnace will specifically enhance our ability to meet the growing demand for glass bottles and jars in Nigeria and across West Africa, as well as create a number of new jobs, both direct and indirect. I would like to thank our stakeholders for the invaluable support since the inception of the project.
