Lagos, Nigeria, 14 July 2015 — Transnational Corporation of Nigeria Plc
(Transcorp) announced today that its agribusiness subsidiary Teragro
Commodities Limited has acquired and installed extraction cup technology,
instantly enabling the company to deliver superior quality juice
concentrate that meet international quality standards.
“The extraction cup revolutionizes our production process and ensures that
concentrates we produce will pass even the most stringent international
standards,” Teragro CEO Dupe Olusola said. “This investment elevates us
to the top of local concentrate producers and ensures that Teragro is able
to compete with any international concentrate producer from Spain, Brazil,
the United States and more.”
Teragro processes orange and pineapple concentrates, mango purées and
orange-peel oil for industrial markets in a 26,500mn TPA capacity plant
called Teragro Benfruit Plant in Benue State.
In addition to helping Teragro products meet international quality
standards through tests conducted in International labs in Brussels and
France, the new technology increases the capacity of Benfruit Plant.
TranscorpPlc CEO Emmanuel N. Nnorom stressed the importance of this
investment for Teragro, saying, “We have received positive commendation
from our biggest customers. The acquisition represents a clear commitment
to meeting their requirements and ensuring that the country’s largest
beverage manufacturers have local suppliers with the highest quality
products on offer.”
Teragro is committed to alleviating poverty, creating employment and
economic growth through investment in agriculture. The company recently
signed a memorandum of understanding (MoU) with the Benue State government
to lease land to establish citrus farms with improved varieties of citrus
fruitsand to diversify crops. In addition, it continues to invest in
capacity building for farmers as part of its Africapitalist commitment to
doing well for investors, while doing good for the community.