The Nation Newspaper

Tag: new products

  • Firm launches new products

    Firm launches new products

    Cway Foods and Beverages has unveiled three new drink products: Café Coffee

    Milk, Fuji Probiotic, and Assam Milk Tea at a grand launch recently in Lagos.

    The triple product launch event was graced by the company’s stakeholders including distributors, staff, the media, and influencers among others.

    In line with management’s perspectives, Mr. Arun Bhintade, General Manager of CWAY Foods and Beverages, emphasized the company’s dedication to innovation. “At CWAY, we’re constantly pushing boundaries to provide Nigerians with healthy and nutritious products at the most affordable prices without compromising on quality.

    “We firmly believe that Nigeria is not just ready for these products; the market is eagerly anticipating them. Our extensive research and development process has allowed us to create beverages that resonate with the Nigerian palate while meeting international quality standards,” he stated.

    The logistics of bringing these new products to consumers across the vast Nigerian landscape is quite challenging. Mr. Bibek, Assistant General Manager of Sales of Cway, detailed the company’s comprehensive distribution strategy. “We have meticulously planned our distribution network to ensure that every Nigerian, from cities to remote rural areas, can easily access our new product line. Our state-of-the-art supply chain management system, coupled with strategic partnerships with our distinguished distributors nationwide, will guarantee that Café Coffee Milk, Fuji Probiotic, and Assam Milk Tea are always within reach of our valued consumers.”

    Marketing Director Mr. Rohit Prakash Gupta reaffirmed CWAY’s consumer-centric approach:  “Our approach has always been rooted in understanding and anticipating consumer needs. With these new beverages, we’re not just meeting expectations – we’re exceeding them by offering unparalleled quality at competitive prices.”

     Rohit went on to highlight how the new product line aligns with CWAY’s longstanding tradition of excellence. “These beverages are the results of extensive market research, cutting-edge food science, and a deep understanding of Nigerian consumers’ evolving preferences. Beyond representing our new addition to the portfolio of brands, they represent a new chapter in CWAY’s commitment to innovation and consumer satisfaction.”

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    Speaking on the newly launched Café Coffee Milk, Awowoyin Ayobami, Brand and Marketing Manager for Café Coffee Milk Drink, explained that the drink is a refreshing and filling coffee-flavoured beverage. “We’ve captured the essence of a perfect café experience and made it accessible to everyone, anytime, anywhere. Café Coffee Milk is our answer to the sophisticated demands of Nigeria’s growing coffee culture. It is a timely addition to our portfolio to cater to the sophisticated palates of coffee lovers while expanding consumer choice,” she explained.

    Segun Ibidapo-Obe, the Brand and Marketing Manager for Fuji Probiotic, shared his excitement about bringing a premium probiotic drink to the Nigerian market. “Fuji Probiotic drink is more than just a healthy alternative; it is a lifestyle,” Ibidapo-Obe explained

    “We’ve created a carbonated soft drink that not only refreshes and supports digestive health but also contains a distinct yogurt flavor that will keep consumers coming back for more. It is noteworthy to mention that it is the first yogurt-flavoured CSD in Nigeria. In developing Fuji Probiotic, we recognized a gap in the market for a tasty, fizzy, refreshing yet beneficial CSD in the market. This product is set to redefine the entire carbonated soft drink segment in Nigeria.”

  • Vitafoam Nigeria to drive growth with new products

    Vitafoam Nigeria Plc has assured of sustained improvement in earnings in the years ahead as the company launched new products to boost its ability to meet the needs of diverse customers.

    Speaking at the launch of eight new products in Ikeja, Lagos, Group Managing Director, Vitafoam Nigeria Plc, Mr Taiwo Adeniyi, said the company was poised to sustain its impressive growth in the years ahead.

    According to him, the new products will help to expand the revenue base of the company and deliver better values for stakeholders.

    He said the first quarter results of the company, which will be released shortly, have shown that its growth trajectory, which recovered from a net loss of N127.69 million in 2017 to a net profit of N601.92 million in 2018, is sustainable.

    On the basis of the 2018 results, the board of Vitafoam Nigeria had recommended cash dividend of N260.51 million, representing a dividend per share of 25 kobo, in addition to bonus share of one new ordinary share of 50 kobo each for every five ordinary shares of 50 kobo each.

    Key extracts of the audited report and accounts for the year ended September 30, 2018 showed that Vitafoam Nigeria recorded impressive growths in sales and profitability. Group turnover rose from N17.69 billion in 2017 to N19.53 billion in 2018. Profit before tax jumped from N18.13 million in 2017 to N793.85 million in 2018. After taxes, the company reversed net loss of N127.69 million recorded in 2017 with a net profit of N601.92 million in 2018. Earnings per share thus improved from a loss of 15 kobo in 2017 to a gain of 57 kobo in 2018.

    Presenting the new products, Adeniyi said that the new products were borne out of the company’s culture of innovativeness adding that product differentiation has become one of the hallmarks of Vitafoam Group which makes it difficult for anyone to clone the company’s unique products.

    The new products included Vita Pearl, a pillow that regulates temperature and draws moisture from body, assorted customised beds, sofas, threefold mat for leisure, reading chairs, three specialized mattresses including orthopedic and classic and various polyurethane sandwich panel steels.

    “For us in Vitafoam, we are very concerned about innovation. Our ability to research, develop and then end up in innovating different products that meet the customers’ needs gives us great satisfaction. In the history of Vitafoam, this launch is one event long overdue because we had sneaked into the market a number of products which were not particularly launched this way. We delight ourselves to be able to make history once again. This is another step in the right direction to sustain our corporate culture of shareholder value,” Adeniyi said.

    He pointed out that the new products would help to sustain the company’s reputation as a customer-centric organisation and a delightful investment for shareholders, noting that Vitafoam Nigeria has had unbroken dividend payment records since its quotation.

    “The Nigerian market is waiting for our products. As soon as we have introduced a product into the market, we are also working on some other ones. It is difficult to fake our products because product differentiation is our strategy,” Adeniyi said.

    Commercial Director, Vitafoam Nigeria Plc, Mr Sola Owoade added that the company’s subsidiaries have carved niches for themselves as they specialize in manufacturing of specific products.

    He noted that Vitafoam Group leverages on research and development in order to keep abreast of changing dynamics of customers’ demand.

    He listed the subsidiaries to include Vitapur Nigeria Limited, Vitablom Nigeria Limited, Vitavisco Nigeria, Vitagreen, Vitapart, Vono  Products and Vitafoam Sierra Leone Vitafoam Ghana.

    One of the major distributors of Vitafoam Nigeria’s products, Mr Toye Adegboye said the new products would further diversify Vitafoam’s products and increase its market share.

    “Some of the products are pocket -friendly and without compromising standard. As a good corporate citizen, all the company’s products are of high quality and the target of Vitafoam as a group is to produce affordable, high quality products which is making business to thrive for us as their partners,” Adegboye, Operator of Vitafoam’s Comfort Center, Ilupeju, said.

    Chairman, Vitafoam Nigeria Plc, Dr Bamidele Makanjuola commended the management of the company for keeping faith with the ideals of innovation, training and spirit of teamwork.

    He expressed optimism that that the company’s products could compete favourably with any global products.

     

  • Binatone celebrates 60th Anniversary with new products

    To continue its 60th anniversary celebration, Binatone Industries, has introduced some products into the market during this festive season.

    Its Managing Director, Mr Prasun Banerjee, said the gesture was aimed at identifying with consumer needs.

    “Binatone, founded in the United Kingdom (UK) in 1958, celebrates its Diamond Jubilee this year. That is 60 years of consistently delighting customers with high quality, innovative products at affordable prices.

    “To celebrate this occasion and to say “Thank You” to its customers, Binatone is offering innovative products with attractive prices available at all leading Supermarkets and electronic retailers” he explained.

    Among the new products are a brand new rechargeable fan (in 16 and 18 ‘’), the 10 KVA centralised stabiliser, suitable for a house, multi cookers with a unique sauté function, heavy weight and high power Irons with Binatone’s Magi-cloth (designed to absorb the extra heat that could spoil an expensive, dress, shirt or suit) and cool touch jug kettles.

    Banerjee listed coolers and ceiling fans, unbreakable jar blenders (with free stirring stick) and the ultra-innovative Bluetooth Tower Music Fan.

    “Other products that would be available from Binatone include a new pressure pot with a transparent lid, an energy-saving ceramic cooking plate, table top gas cookers, a premium garment steamer for larger items of clothing and of course, a whole range of other products in the fan, small domestic appliance and power categories,” he said.

     

  • Dangote unveils new products at exhibition, employs 500,000

    President, Dangote Group, Alhaji Aliko Dangote, has said the  group employs over 500,000 direct and 200,000 indirect employees, pledging to put Nigeria in the spotlight in the comity of nations. Dangote, whose cement business spans West, Central and Eastern Africa, said his company controls over 65 per cent of the cement industry in Nigeria.

    Speaking through his Sales Manager, Mr. Josiah Nweke, at the ongoing International Trade fair in Lagos, he said the group has recently introduced the block master cement that is best for block moulding and construction, beating competitors to it.

    About 20 new products of the group, including stew mix, curry and thyme were unveiled at the fair. He invited people to take up distributorship of the group’s products and grow their personal income and the economy.

    President, Lagos Chamber of Commerce & Industry (LCCI), Babatunde Paul Ruwase, while commending the efforts of the group, said the group’s investments cut across all sectors, noting that hardly will one find a house without any of their product. He added that the group has topped it with a world class oil refinery outfit.

    The LCCI, he said, is setting a platform for cross pollination of ideas among the private sector, the government and the public. He said: “Our aim is to encourage bilateral trade relations while creating value for exhibitors. This is a wake-up call for the government not to allow the gains of the International Trade Fair to be missed.” He urged the government to improve access to finance, build infrastructure and improve manufacturing activities.

     

  • Cordros Capital woos investors with new products

    Cordros Capital Limited has launched two new products aimed at assisting investors to optimise the potential of their portfolios and take immediate investment decisions through the live trading session at the Nigerian Stock Exchange (NSE).

    The first product, Cordros Trade Button, is an online equities trading portal that enables clients view live trading and effect trades, either buy or sell, on the NSE from their various locations. The key features of the portal include speed of trade execution; error free transaction with an automated trade calculator; real time portfolio valuation; easy deposit and payment for transactions; and unlimited stock watch list.

    The second product, Cordros Chase, is an investors’ solutions product designed to aid existing and potential clients to track their investments in the stock market. With this, Cordros helps investors to overcome the burden associated with equities investment such as share certificate verification, collection of outstanding share certificates and dividend warrants and dividend warrants revalidation among others.

    Chairman, Cordros Capital, Mr. Charles Osezua, who spoke at the launching of a new brand identity and investment products, said the company has taken a bold step by continuing to open up the investment frontiers in spite of the challenging macroeconomic and business environments.

    “Driven by the critical milestones we have achieved in the business of securities brokerage and trading, we have, over the past three years, been committed to building a firm uniquely equipped to take advantage of the growth opportunities within Nigeria’s fast evolving financial services industry, hence the foray into investment banking and asset management businesses,” Osezua said.

    Managing Director, Cordros Capital, Mr. Wale Agbeyangi, said the company has grown over the years to become a major player in the investment market.

    “I am very proud of the strides Cordros has made; from being a fringe player in the industry, to one of the top-ranked and well diversified brands.

    I am equally proud of our clients whose supports have been instrumental to our growth and whose curiosity inspired us to delivering superior investment solutions,” Agbeyangi said.

    He noted that a subsidiary, Cordros Asset Management Limited (CAML), was established to create, preserve and grow wealth for individual and institutional investors adding that CAML aims to attain leadership position in the industry through delivery of extensive products targeted at the underserved retail segment in the near future.

    “With a team drawn from a wide range of professional backgrounds, their comprehensive expertise allows them to develop a portfolio structure that enables clients achieve their overall investment objectives. I commend the board, management and staff of Cordros on their hard work over the years and I believe the prospects of Nigeria, the financial services industry, and Cordros Capital are particularly more interesting,” Agbeyangi said.

    Cordros Capital Limited is registered as brokers/dealers and issuing house by the NSE and Securities and Exchange Commission (SEC). CAML is licensed as portfolio and fund managers.

  • Asian tech firm unveils new products

    An Asia IT firm, Gionee Communication Equipment Company Limited, has unveiled its flagship smartphone in Nigeria christened Elife E6.

    Speaking at the launch of the product in Lagos, the firm’s officials in Nigeria led by the Managing Partner, Gabriel Nwabueze, said the device is a tool for work and play.

    According to him, the device has a non-removable back and uses a one glass (OGS) solution for the display where the touchscreen and protective glass are fused into one layer that makes the assembly thinner and elements on the screen also appear to be closer.

    He said the smartphone is an anti-scratch 5-inch OGS HD display of 1920 x 1080 pixels and 441 ppi density and running the latest Android 4.2 Jelly bean OS with a heavily customized ROM called Amigo. It weighs only 128g.

    “It is powered with 1.5 GHz quad core Mediatek processor and 2 GB RAM, which is a good combination of speed to get the better experience of speed while using multiple applications at same time,” he said.

    He added that the device comes with 13mega pixel (MP) rear camera with autofocus, LED flash, and BSI sensor and a front facing 5MP shooter. It has 31 GB internal (onboard) memory expandable to 64GB via microSD card. With a 2020 mAh battery, it is another best in talk time. DTS 3D stereo surround sound speaker is one of its major features.