NIGERIA – The Chairman, Board of Directors, Premier Breweries Plc, Onitsha, Mr. Arthur Eze, on Tuesday said the company would commence full stream production of beer in the first quarter of 2015. Eze said this while addressing shareholders of the company during the 2014 annual general meeting of the company for the year ended March, 2014, held in Enugu.
According to the News Agency of Nigeria (NAN), he noted that with the assurances of the company’s technical partners and the level of re-engineering so far achieved, the company would resume its leading role in the beer production industry in the country.
“New boilers have been installed and tested while the old ones are being repaired to serve as standby facility. A new Ammonia cooling system has been installed along with new compressor.
“A new glycol cooling system has been installed with stainless pipes while the room cooling system that is now in place is changed from ammonia to Freon to minimise hazardous leaks in the factory,’’ he said.
The chairman said that electricity supply had been stabilised with the installation of a 500KVA generator while water supply was already in place from which the company produces the table water that was already in the market.
Eze explained that with about N1 billion share capital, the company settled a monthly electricity bill of N1 million and a salary bill of N3.4 million.
He assured the shareholders of better days ahead and commended them for their patience and understanding during the turbulence the company experienced.
Some of the shareholders commended the board members for their efforts to revamp the company.