May 9 (Reuters) – Greif Nigeria PLC:
* IN CONSULTATION WITH LARGER GREIF SUB-SAHARA AFRICA AND EMEA MANAGEMENT TEAM HAVE APPROVED TOTAL BUSINESS RESTRUCTURING PLAN FOR LOCAL OPERATION
* STRATEGIC CONSOLIDATION OF ALL VOLUMES AND PRODUCTION CAPACITY IN APAPA, LAGOS FACTORY SITE ONLY AND SUPPLY QUALITY PRODUCTS OUT OF FACTORY TO CUSTOMERS IN NIGERIA
* CLOSURE OF THE FACTORY BRANCH NETWORK IN BOTH KOKO, DELTA STATE AND KADUNA, KADUNA STATE
* EMBARK ON APAPA FACTORY SITE IMPROVEMENT, CAPITAL EXPENDITURE AND OVERHAUL TO MEET MINIMUM STANDARD OF GREIF OPERATION WORLDWIDE Source: bit.ly/2IbaffF Further company coverage: ([email protected])
Read the full article at: https://af.reuters.com/article/commoditiesNews/idAFFWN1SG1HO