Teragro Commodities Limited, the agribusiness subsidiary of Transnational Corporation of Nigeria plc (Transcorp), has acquired and installed extraction cup technology to facilitate the delivery of superior quality juice concentrate that meets international standards.
“The extraction cup revolutionises our production process and ensures that concentrates we produce will pass even the most stringent international standards,” Dupe Olusola, Teragro CEO, said, in a statement.
“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,” Olusola said.
Teragro processes orange and pineapple concentrates, mango purées and orange-peel oil for industrial markets in a 26,500mn tones per annum 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.
Emmanuel N. Nnorom, CEO, Transcorp plc, said: “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 says it 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 fruits and to diversify crops. The fruit concentrate producer vows to continue investing in capacity building for farmers as part of its Africapitalist commitment to doing well for investors and doing good for the community.
Transnational Corporation of Nigeria Plc (Transcorp) is a leading diversified conglomerate, focusing on acquiring and managing strategic businesses that create long-term shareholder returns and socio-economic impact.
ODINAKA ANUDU
