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Friday, March 31, 2023

Diversification: Julius Berger to Launch Cashew Processing Plant in Second Quarter, 2022

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Julius Berger has announced to the Market, with respect to its first Agro-processing activity, Cashew processing which shall form the cornerstone of Julius Berger’s activities in the sector, that the pioneer cashew processing plant located in Epe, Lagos State would be commissioned in the Second Quarter of the financial year 2022. Julius

Julius Berger Nigeria Plc on September 23, 2020 announced, to the Market the Board approval of the diversification opportunity for the Company in Agro-processing.

Julius Berger subsequently advised its shareholders of this development in the 2020 Annual Reports and Consolidated Financial Statements, in the Chairman’s Statement on page 13, as follows:

“In 2020 the Board of Directors approved the Company’s first diversification case and its implementation has already commenced.”

Julius Berger’s success is well founded on its leading technical expertise, innovation with a proven record of reliably delivering construction solutions to the highest standards and all these are being deployed to its agro-processing activities.

Julius Berger is pleased with and indeed excited about its progress with this initiative.

Julius Berger reiterates that its diversification direction would support the continued success of the Julius Berger Group in the future and align with the strategic objectives of the Government to stimulate value creation in Nigeria.

Julius Berger had earlier committed to achieving zero waste at the upcoming Cashew-Processing Plant.

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