E-Malt.com News article: Nigeria: Nigerian Breweries set to present Facts behind the Figures to key stakeholders

Nigerian Breweries Plc, the foremost brewing company in the country will on Monday, 5th May, 2008, present its Facts behind the Figures to key stakeholders in the capital market on the floor of the Nigerian Stock Exchange (NSE), in Lagos, Vanguard reported April 30.

According to a statement signed by Mr. Yusuf Ageni, Corporate Affairs Adviser, Nigerian Breweries, Mr. Michiel Herkemij, Managing Director/Chief Executive of Nigerian Breweries, is expected to lead the Board of Directors of the Company to the Exchange.

The statement said the company would use the occasion to shed more light into its superlative performance in the year under review and unveil its plans for the years ahead. Some of the key factors that contributed to the strong growth recorded by Nigerian Breweries in the year under review include Amstel Malta and Gulder re-launch; and introduction of Star, Heineken and Amstel Malta in 33cl can.

The introduction of the 'family dance' platform for Maltina and unparalleled growth in numeric distribution placed Nigerian Breweries' brands in more bars, sustained its market leadership and also boosted its performance. The company's massive investments in vehicles and the implementation of tracking system for the key transporters yielded dividends, while installation of a Horap tank at its Ama Brewery, boosted Heineken production volume. Nigerian Breweries will embark on an aggressive expansion drive within the year, to enable it to sustain its leadership position in the market, the statement said. The Nigerian Breweries' annual Pre-AGM Media Briefing and the Pre-AGM Cocktail will take place on 7th May, 2008 and 27th May, 2008, respectively, while the AGM will hold on 28th May, 2008. All the events will take place in Lagos.

Nigerian Breweries has won several awards as a mark of its good performance in various spheres. One of them is the prestigious Nigerian Stock Exchange (NSE) President's Merit Award, which the Company has consistently won for several years. It won the award again, last November. For three consecutive years (2000, 2001 and 2002), the Company won the Nigerian Stock Exchange Quoted Company of the Year Award. It has also won the Nigeria Industrial Standards Award (NIS) Awards for its various products. In 2003, the company was declared Excise Trader of the Year, an award given by the Nigerian Customs Service for companies' contributions to government treasury.

These are in addition to several awards from various philanthropic organizations, clubs, institutions and government agencies. On the international scene, Nigerian Breweries won the keenly contested Africa Beer Gold Award organized by Heineken for its operating companies in Africa and the Middle East, for four consecutive years (1999, 2000, 2004 and 2005).

The Company has also won the Heineken Business Challenge Award, which is often referred to as the Heineken World Cup, a major competition organized for all Heineken Operating Companies in the world.


30 April, 2008