By Olabisi Olaleye and Steve Agbota
As part of its integration drive, distiller 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 per cent completed will enable the company boost its local production.
Euro Global is set to produce premium products for consumers in the spirits sub-sector, to enable it depend less on imported raw materials, by manufacturing high 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 as it plans to sell the excess production to other Nigerian distillery firms.
The decision to sell raw materials to Nigerian distillery firms is an effort to boost the country’s Gross Domestic Product (GDP) by reducing the dependence on imported variants.
With the completion of the critical phase of the plant, quality alcoholic beverage brands would soon roll out of the company.
Mr. Arjan K. Mirchandhani, Chairman, Euro Global Food and Distilleries Limited, revealed that it took the company six years to put the plant in shape being 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 per cent local input preference in its production. It has also created thousands of indirect jobs for many Nigerians in the extractive industry, especially farmers, in addition to thousands of direct employment opportunities created.