Beta Glass Plc has disclosed that the $30 million investment to expand its furnace capacity at its plant in Agbara, Ogun State is on schedule to be completed in June 2020.
The company said in a statement that when it becomes operational next year, the new furnace will increase the plant’s annual capacity by 35,000 tonnes and pioneer the use of the Narrow Neck Press and Blow (NNPB) Technology in West Africa.
This technology, according to the statement, will enable Beta Glass to bring lighter weight, non-returnable glass bottles to market in Nigeria for the first time.
“The new Furnace will have a planned productive life for more than 12 years and will replace the existing furnace which will end its productive life by next year. The new furnace will also include 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 strengthening its position as the leading supplier of glass bottles and complementary packaging products in West Africa,” the company explained.