Indonesian firm plans beverage plant in Nigeria - Punch Newspapers

Muncul Nigeria has announced its plan to establish a factory in Nigeria as it launched the mango flavour of its flagship product in the country.

The Indonesian manufacturer of consumer goods started operations in Nigeria in 2018 with an herbal energy drink.Muncul Nigeria’s Commercial Manager, John Abah, said during his presentation that Sina Muncul, the Indonesian parent company, saw the potential of the population of the Nigerian market and decided to launch operations in the country.

He said “Within two years of selling in Nigeria, we now have distributors, wholesalers and retailers across Nigeria. Some of them are in attendance here. We are now planning to expand into other African countries.“For now, KukuBima is our only product variant in the Nigerian market. By 2022, we will be launching a new product and are planning to establish a factory for manufacturing in Nigeria in the future.

Abah added, “With operations in 15 countries including Nigeria, Indonesia and the Philippines, we generated a revenue of $237m in 2020. Our net profit margin after tax is 24 per cent, and we currently have 300 stock-keeping units. “We also have a debt-free balance sheet with a dividend payout ratio of 80 per cent.”All rights reserved.

Have they considered APC's outrageous taxes?

Under this high level of insecurity in Nigeria? They must be deaf and stupid.

To be planted in the North I guess

They no go last cos of country wahala

Lol thought wailers said no one wants to invest in Nigeria? Awon werey

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