Beta Glass has long been a model of excellence in the glass packaging manufacturing industry in West and Central Africa.

With an unwavering commitment to innovation, sustainability and economic growth, Beta Glass has established itself as a true industry leader.

From its strategically located manufacturing facilities in Delta and Ogun States of Nigeria, Beta Glass consistently delivers high quality products while achieving sustainable financial performance.

At these sites, the Company operates three furnaces, giving Beta Glass the significant competitive advantage of being able to produce glass in three colors simultaneously: Flint, Amber and Green.

Over the past five years, the company has significantly expanded its production capabilities, contributing significantly to the Nigerian economy and community.

Financial performance (2019-2023)

Beta Glass has experienced significant financial growth, reinforced by its strong revenues and capital expenditure (Capex) over this five-year period, reflecting the Company’s efforts to expand and modernize its operations.

These investments, totaling over ₦15.3 billion, have been instrumental in modernizing infrastructure, improving production capacity and maintaining the company’s competitive advantage and leadership in the industry manufacturing of glass containers.

Over the past five years, Beta Glass Plc has demonstrated consistent financial growth and resilience, reflecting its strong position in the glass packaging manufacturing sector. From 2019 to 2023, the Company saw its revenue (including VAT) increase by over 118%, from ₦30.77 billion in 2019 to ₦67.36 billion in 2023. This significant revenue growth indicates increased demand for its products and the Company’s ability to adapt. to market trends and expand its market share in key sectors. Gross profit followed a similar upward trajectory, rising from ₦7.81 billion in 2019 to ₦12.39 billion in 2023, highlighting Beta Glass’ focus on operational efficiency and cost management.

Beta Glass has consistently maintained strong operating profit in terms of profitability, peaking at ₦7.85 billion in 2021. The company closed 2023 with pre-tax profit of ₦9.44 billion, highlighting its strong financial health despite market volatility. This growth has had a positive impact on shareholders, as evidenced by the steady rise in shareholders’ equity, which reached N52 billion in 2023, compared to N34.56 billion in 2019.

Beta Glass Plc’s tax contributions demonstrate its role as a responsible corporate citizen. In 2023, the company paid ₦2.71 billion in income tax, up from ₦2.67 billion in 2019. These taxes contribute to Nigeria’s fiscal budget, helping to fund essential public services and business development. infrastructure. Consistent tax payments from companies like Beta Glass are essential to supporting economic stability, increasing government revenue and fostering sustainable growth in the Nigerian economy.

Fig. 1: Beta Glass Plc 5-year financial highlights

Workforce growth

As part of its overall investment in Nigeria and its people, Beta Glass has consistently increased its workforce, thereby contributing to job creation and economic stability. Progress is evident in the growth of the Company’s workforce from 1,183 employees in 2019 to approximately 1,400 in 2024.

This steady increase in employment highlights the company’s role as a significant employer in the region, currently providing stable and rewarding employment opportunities to more than 1,400 people, most of whom are recruited from local communities hosting Beta Glass facilities.

Strategic initiatives and achievements

Beta Glass has constantly invested in expanding and optimizing its operations to meet ever-changing market demands. Relevant strategic initiatives include:

• Guinea Plant Expansion (2002): Added a second furnace to the Agbara facility, Ogun State, increasing daily production from 200 to 300 tonnes.

• Furnace Expansion Project (2021): Furnace capacity expansion (GF2) by 35,000 tonnes per year at the Beta Glass Guinea factory (Agbara, Ogun State).
• GF1 Furnace Upgrade (2024): Rapid upgrade and cold repair of the GF1 furnace at the Guinea plant, completed in an industry record time of 32 days. This effort required the expertise of 95 qualified engineers from Europe, Asia and the local Nigerian team, ensuring a seamless transition and minimal downtime.

Currently, Beta Glass operates three state-of-the-art manufacturing plants in Nigeria, with a daily capacity of 720 tonnes and an annual production of over 650 million glass containers. Additionally, the company has the capacity to produce 3.2 billion crowns and 5.5 million cases per year.

Positive impacts in Nigeria

In addition to its significant financial contributions, Beta Glass also plays a leading role in Nigeria’s environmental sustainability efforts.

In June 2024, Beta Glass, in partnership with Wecyclers, launched cullet trucks to boost glass recycling efforts, while also establishing glass consolidation centers through collaborations with the Food and Beverage Recycling Alliance (FBRA ) and the Recycling Scheme for Women and Youth Empowerment (RESWAYE). ). These initiatives promote recycling and significantly reduce environmental waste, aligning with global sustainable development goals. With a strong commitment to achieving NetZero, Beta Glass is actively pursuing the SBTi-approved greenhouse gas emissions reduction targets, supported by ISO management system certifications and compliance with ethical standards, underscoring our commitment to of a sustainable future.

Beta Glass’s 50-year journey in Nigeria highlights its strategic growth, operational excellence and positive impact on the community.

Beta Glass has strengthened its leadership position in the glass container manufacturing industry through substantial financial investments, workforce expansion and revolutionary initiatives. His commitment to innovation, sustainability and economic development is behind the continued success of Beta Glass, a cornerstone of the Nigerian industrial landscape.

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