Julius Berger Nigeria Plc says it will inaugurate its cashew processing plant in Epe, Lagos State on September 10, 2022.
The construction firm said this in a recent statement signed by Cecilia Madueke, its secretary.
Julius Berger said the processing plant would be its first agro-processing activity and form the cornerstone of its diversification activities.
“Julius Berger Nigeria Plc (Julius Berger), on February 14, 2022, had announced to the market that the pioneer cashew processing plant located in Epe, Lagos state, Julius Berger’s first agro-processing activity, cashew processing, which shall form the cornerstone of Julius Berger’s diversification activities, and in particular in the agro-sector, would be commissioned in the second quarter of the financial year 2022,” the statement reads.
“Julius Berger is pleased and indeed excited to announce to the market that the official launch ceremony of the cashew processing plant would be on September 10, 2022.
“Julius Berger reiterates that our 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.
“We trust that the market would accept and react favourably to the information given above.”
On September 22, 2020, the company announced the diversification of its operations into the agro-processing industry.
It said the diversification was to support reforms undertaken by the federal government and economic development of the country.
Source -: The Cable