Caption: L-R: Mr. Bolaji Osunsanya, Non-Executive Director, Ms. Sola Carrena, Non- Executive Director, Mrs. Oyinkansade Adewale FCA, Independent Non- Executive Director, Mr. Alexander Gendis, Chief Executive Officer, Vitus Ezinwa, Chairman of the Board, Company Secretary, DCSL Corporate Services Limited, Mrs. Clare Omatseye, Independent Non-Executive Director, Mr. Denis Simonin, Independent Non-Executive Director, Ms. Olufunmilola Adefope, Non-Executive Director, and Mr. Boye Olusanya, Non- Executive Director at the Beta Glass 52nd AGM held at the Landmark Event Centre, Victoria Island, Lagos.
By Jimoh Babatunde
LAGOS — Beta Glass Plc has disclosed that it contributed over ₦1 trillion to Nigeria’s economy in the last 10 years as the company reaffirmed its commitment to expanding investments, sustainable manufacturing and shareholder value.
The disclosure was made at the company’s 52nd Annual General Meeting (AGM) held in Lagos, where shareholders also approved key resolutions, including the reconstitution of the Board of Directors.
According to an independent socio-economic impact report by Deloitte, Beta Glass accounts for nearly one per cent of Nigeria’s manufacturing sector output and about 14 per cent of the non-metallic products sub-sector, underscoring its strategic role in the country’s industrial value chain.
The company also reported a strong financial performance, with its unaudited results for the first quarter ended March 31, 2026, showing revenue of ₦37.54 billion, driven by improved operational efficiency and effective asset utilisation.
Speaking at the AGM, Chairman of the Board, Dr. Vitus Ezinwa, said the newly reconstituted board would strengthen the company’s governance framework and position it for sustainable growth, increased shareholder value and stronger regional supply chains.
The company announced the appointment of four non-executive directors—Nitin Kaul, Olusola Carrena, Bolaji Olatunbosun Osunsanya and Boye Olusanya—whose expertise spans private equity, corporate finance, manufacturing, logistics, energy and infrastructure.
Chief Executive Officer, Alex Gendis, said the company’s performance reflected its resilience in a changing business environment.
He said, “The results achieved during the year demonstrate the resilience of our business and our ability to adapt to changing market conditions. We will continue to focus on operational excellence, innovation and disciplined execution as we position the company for sustainable growth, underpinned by our commitment to building and sustaining strong strategic partnerships with our customers.”
Shareholders welcomed the company’s performance, commending the declaration of a dividend of ₦7.20 per share and the decision to retain 51 per cent of earnings to finance future growth.
One of the shareholders, Williams Adebayo, also praised the company’s youth skills development initiatives, describing them as investments that would support long-term business sustainability.
Looking ahead, Beta Glass said it would accelerate investments in cleaner manufacturing technologies, including the upgrade of its DF1 container glass furnace at its Ughelli plant in Delta State to improve energy efficiency, reduce emissions and strengthen environmentally sustainable production.
The company said the investments would reinforce its leadership in the glass packaging industry while supporting Nigeria’s industrialisation drive and long-term economic growth.
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