Euro Global nears completion of N3b ethanol plant
As part of its backward integration drive, Euro Global Food and Distilleries Limited, a member of Sona Group of Companies has announced the near completion of its N3 billion-ethanol plant.
The plant, which is 90 per cent at completion stage, will enable the company to boost its local production. Euro Global, which is set to produce premium products for consumers in the spirits sub-sector, is expected to depend less on imported raw materials by manufacturing greater quality products from its ethanol plant.
Also, the plant has been built to cater for more than what the company needs in a bid to sell the excess production to other Nigerian distillery firms. The move to sell to its products to other distillery firms is an effort to boost the country’s Gross Domestic Product (GDP) by reducing the dependence on imported raw materials.
Chairman of the company, A. K. Mirchandhani, revealed that it took the company six years to put the plant in good shape and it is the largest single ethanol plant in Nigeria with a capacity to produce 120,000 litres of ethanol daily.
Sona Group and subsidiaries like Euro Global Foods and Distilleries Limited aims to achieve 99 percent local input preference in its production. It has also created thousands of indirect jobs for many Nigerians in the extractive industry, especially farmers, in addition to thousands of direct employment opportunities created.
“Euro Global and its parent company, Sona Group, are in Nigeria for good. Satisfaction to us is knowing that our customers and distributors are happy. This is why we are constantly researching to ensure that we manufacture quality products that meet our customers’ needs and make good business for our distributors to market,” Mirchandani said.
Reassuring partners of continuous quality, Mirchandhani said: “We have taken giant strides in the last few years, from increase in product portfolio to increase in the quality of our packaging. We want to assure our partners that we will make our product available to them”.
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