Beta Glass Plc has announced plans to invest €17.5 million in a major production capacity expansion as part of a broader strategy to increase exports and strengthen its foreign exchange (FX) earnings across West and Central Africa.
The Lagos-listed glass packaging manufacturer aims to grow its export share from 7% of total revenue in 2024 to between 10% and 15% over the next two years.
The investment will enhance output to serve regional markets more competitively and reduce the company’s reliance on dollar-denominated obligations.
Speaking on the expansion plan, Chief Executive Officer Alex Gendis confirmed that the capital investment is targeted at improving manufacturing efficiency and boosting cross-border distribution capacity.
The company’s export growth strategy is aligned with efforts to diversify revenue streams and stabilise earnings amid persistent currency and macroeconomic volatility.
Beta Glass has delivered shareholder value with its stock appreciating by 414.6% in the first half of 2025 to ₦334 to outperform the Nigerian Exchange All-Share Index’s 28% gain recorded over the same period.
The company’s consistent operational performance and resilience during Nigeria’s FX reforms and fuel subsidy removal have positioned it as one of the best-performing industrial stocks on the exchange.
The company supplies glass containers to a broad customer base in the food, beverage, and personal care industries and remains the dominant player in Nigeria’s glass packaging segment.
The planned capacity expansion is expected to improve production volumes to meet rising demand from regional customers under the African Continental Free Trade Area (AfCFTA) framework.
In 2024, Beta Glass recorded a significant increase in earnings and doubled its dividend payout on the back of strong operational efficiency and disciplined cost management.
The company has continued to prioritise investments in capacity and export infrastructure as it pivots toward a more FX-aligned growth model.
With the new investment, Beta Glass is reinforcing its position as a strategic manufacturing hub in West Africa.
The company’s ability to capture regional market share is expected to improve its FX liquidity profile, hedge against naira volatility, and support long-term earnings stability.
