Lagos, Nigeria, 14 July 2015 \u2014 Transnational Corporation of Nigeria Plc
\n(Transcorp) announced today that its agribusiness subsidiary Teragro
\nCommodities Limited has acquired and installed extraction cup technology,
\ninstantly enabling the company to deliver superior quality juice
\nconcentrate that meet international quality standards.<\/p>\n
\u201cThe extraction cup revolutionizes our production process and ensures that
\nconcentrates we produce will pass even the most stringent international
\nstandards,\u201d\u00a0 Teragro CEO Dupe Olusola said. \u201cThis investment elevates us
\nto the top of local concentrate producers and ensures that Teragro is able
\nto compete with any international concentrate producer from Spain, Brazil,
\nthe United States and more.\u201d<\/p>\n
Teragro processes orange and pineapple concentrates, mango pur\u00e9es and
\norange-peel oil for industrial markets in a 26,500mn TPA capacity plant
\ncalled Teragro Benfruit Plant in Benue State.<\/p>\n
In addition to helping Teragro products meet international quality
\nstandards through tests conducted in International labs in Brussels and
\nFrance, the new technology increases the capacity of Benfruit Plant.<\/p>\n
TranscorpPlc CEO Emmanuel N. Nnorom stressed the importance of this
\ninvestment for Teragro, saying, \u201cWe have received positive commendation
\nfrom our biggest customers. The acquisition represents a clear commitment
\nto meeting their requirements and ensuring that the country\u2019s largest
\nbeverage manufacturers have local suppliers with the highest quality
\nproducts on offer.\u201d<\/p>\n
Teragro is committed to alleviating poverty, creating employment and
\neconomic growth through investment in agriculture. The company recently
\nsigned a memorandum of understanding (MoU) with the Benue State government
\nto lease land to establish citrus farms with improved varieties of citrus
\nfruitsand to diversify crops. In addition, it continues to invest in
\ncapacity building for farmers as part of its Africapitalist commitment to
\ndoing well for investors, while doing good for the community.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lagos, Nigeria, 14 July 2015 \u2014 Transnational Corporation of Nigeria Plc (Transcorp) announced today that its agribusiness subsidiary Teragro Commodities Limited has acquired and installed extraction cup technology, instantly enabling…<\/p>\n","protected":false},"author":1,"featured_media":39712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-40456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n