By Princewill Ekwujuru
AS part of its backward integration drive, leading distillery firm, Euro Global Food and Distilleries Limited, a member of Sona Group of Companies, has completed a critical phase of its N3 billion ethanol plant. The plant which is 90 percent at completion stage, will enable the company boost its local content.
Euro Global which is set to produce premium products for consumers in the spirits sub-sector, will now depend less on imported raw materials by manufacturing greater quality products from its state-of-the-art, ethanol plant, rated by experts as world class.
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 of selling to Nigerian distillery firms is an effort to boost the country’s Gross Domestic Product, GDP, by reducing the dependence on imported raw materials.
With the completion of the critical phase of the plant, quality alcoholic beverage brands would soon roll out of the company. Mr. A. K. Mirchandhani, Chairman, Euro Global Food and Distilleries Limited, 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 aim to achieve 99 percent local input preference in its production.
On this new stage of the corporate development, Mirchandani stated: “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.
“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.”