By Peter Egwuatu

Transnational Corporation of Nigeria, Transcorp Plc has entered into partnership with Coca Cola company to be the sole local concentrate sourcing partner. Transcorp agribusiness subsidiary, Teragro Commodities Limited, processes orange, mango and pineapple concentrates for industrial markets at a processing plant in Benue State. The 26,500mt capacity benfruit plant is the first and only Nigerian-owned and operated juice concentrate processor of its kind in the country and first began producing concentrate for coca-cola in 2014. Transcorp, in a statement  said.

“The partnership reflects Teragro’s ability to deliver a product that meets international quality standards. The company has its ISO 9001 and FSSC22000 and has proven it can compete with concentrates imported from countries such as the United States, Spain and South Africa, among others.”

Meanwhile, Transcorp Hotels Plc plans to begin renovation of Abuja property in 2016 as it is embarking on a full renovation of its 670 rooms and onsite facilities. This is the first renovation of its kind for the property since 2003 and will feature a total overhaul of existing facilities.

The company in a statement said it plans to refurbish rooms, commission a congress centre, upgrade restaurants and the space area and use the surrounding territory to commission high-end apartments, offering access to hotel facilities, for local wealthy individuals.

The renovation comes alongside other key milestones including the development of new properties in Lagos in September of 2015 and Port Harcourt, the addition of a luxury apartment building and the creation of a 5,000 person capacity convention centre.

Transcorp generating consistent power at its Ughelli power plant the short term post-acquisition operational strategy as set out in 2013 was based largely around the recovery of installed capacity at Ughelli power plant.

The execution of this strategy, led by our “take over team- comprised of board committee members, plant management, and Thomassen contractors” the statement noted.