4th AGM: Adamawa Beverages Record N3.8bn Turnover

By James Johnson Yola
Despite the harrowing political situation in 2015 and the uncertainty of economic situation in the country, Adama beverages Nigeria limited was able to achieve the turnover of 3.8billion naira as against 3.5billion naira recorded in 2014 to consolidate and stabilize its production to obtain optimum capacity level.
At the 4th Annual general meeting of the company held in Yola, shareholders, directors and staffs of the company were informed of the quantum leap in its area of operation.
The Chairman Board of directors, Mr. Akin Kekere Ekun in his AGM statement said, “We have attained the optimum production capacity level of the Table Water Plant 1 and Table Water Plant 2 and also commissioned a 40,000 bottles per hour plant in the year under review”.
He described it as the turning point in the history of Adama Beverages as it is aimed at making it brand – Faro Water available in the whole country.
Mr Akin Kekere Ekun who was represented by Alhaji Adamu Modibbo, also told the shareholders and directors that it is now focused towards attaining higher turnover as well as expanding the asset base and increased profitability.
Towards achieving this, he said the company has acquired 2.4 hectares of land connected to the existing factory complex facing Numan high way noting that it will be used to construct a befitting corporate head office complex and also plan for future expansion and diversification.
The Adama Beverages board chairman also told the August 4th AGM gathering that the company in conjunction with the Standard Organization of Nigeria (SON) has started the process of having the international certifications of their products, and system (ISO)
International Standard Organization noting that the process is expected to be concluded by the end of 2016 to pave way for the company to have its international certification (ISO) by early next year.