International Breweries commissions new US$250mn Sagamu Brewery

NIGERIA- International Breweries, a subsidiary of the world’s largest brewing firm AB InBev has commissioned a new US$250 million brewery in Sagamu, Ogun State, reports Beverage Industry news.

The new facility, its fourth in the country promises to create 600 direct and over 2000 indirect jobs along the value chain, the company said.

Also the facility, earmarked ‘Gateway Plant’ was a major step of the company’s strategic goal to become a leading beverage manufacturer in the country.

According to the Global CEO, AB InBev, Carlos Brito, the inauguration reinforces the company’s commitment to economic growth of the country given its potential to create more jobs.

“We have improved the livelihood of farmers and retailers.

We have infused local and foreign cultures and technologies to drive sustainable socio-economic growth.

For centuries, the experience of sharing a beer has brought people and cultures together.

To brew the highest quality beers, we need a sustainable environment and thriving communities.

Sustainability is not just related to our business, it is our business and our people are at the heart of our business,” said Brito.

The brewery plans to empower farmers and local manufacturers by locally sourcing the raw materials required in production.

The plant was officially opened by President Muhammadu Buhari who reiterated the government’s commitment to securing business environment so that foreign direct investment (FDI) could flow into the country.

Boss Mustapha, the Secretary to the Government representing the president called on foreign firms to invest in the country and take advantage of the various opportunities inherent in the policies of government which are specifically targeted at creating a friendly business operating environment.

According to the president, International Breweries was the sixth largest listed company on the Nigerian Stock Exchange (NSE) with US$755.20 million market capitalization.

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