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Greenview Development Invests N13.2bn On Factory Expansion


04/09/2008

Greenview Development of Nigeria Limited (GDNL) is investing the sum of N13.2 billion on sugar and flour factory expansion at Apapa Port in the next few years.

The sum of N11.7 billion ($100 million) is for the on-going expansion of sugar factory from the present 55,000 metric tons to 105 tons, while N1.5 billion is for development of silo with 47,000 tons capacity to additional 41,000 tons.

The managing director of GDNL, Olugbenga Abidoye, who disclosed this when Senate Committee on Privatisation visited the terminal, noted that the expansion was to meet increasing productivity of the company.

He explained that apart from five grabs, four hoppers and five pay loaders inherited from the Nigerian Ports Authority (NPA), for the sugar company, additional eight hoppers, 50 tip lorries; three new weighbridges had been purchased, waiting for installation.

For the Flour Company, Abidoye stated that GDNL inherited two Unloader of 600 tons per hour, which he noted was presently sufficient for the level of their business.

Speaking on the company’s activities, he pointed out that the terminal handled 73 ships in 2006 and 82 vessel in 2007, stressing that 42 had already been discharged in the first half of the year 2008.

A total number of 1,237,367 tons of goods was imported in 2006, and 1,614,634 tons came in 2007, while 806,700 tons had already been discharged in the first half of the year, Abidoye stated.

According to the managing director, the GDNL exported 6,747 tons of goods in 2006 and 6,250 tons of consignments in 2007.

On the cargo throughput, the maritime expert, explained that 1,244,114 metric tons of goods were handled in 2006, 1,620,884 tons in 2007, while 806,700 tons handled in the first part of the year.

"We have also constructed berth 21, installed closed circuit television camera, built salt factory and purchased additional pail loaders, as well as rehabilitated road networks and drainages" Abidoye explained.

 

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