Beta Glass injects N1tr into economy in 10yrs, unveils new board

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By Jimoh Babatunde

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Beta Glass Plc says it has contributed over N1 trillion to Nigeria’s economy in the last 10 years, reaffirming its commitment to expanding investments, sustainable manufacturing and shareholder value.

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At its 52nd Annual General Meeting in Lagos, shareholders approved key resolutions, including the reconstitution of the Board of Directors.

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According to an independent Deloitte socio-economic impact report, the company accounts for nearly one per cent of Nigeria’s manufacturing output and about 14 per cent of the non-metallic products sub-sector.

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Chairman, Dr. Vitus Ezinwa, said: “The newly reconstituted board will strengthen the company’s governance framework and position it for sustainable growth, increased shareholder value and stronger regional supply chains.”

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The company appointed four non-executive directors — Nitin Kaul, Olusola Carrena, Bolaji Olatunbosun Osunsanya and Boye Olusanya — to strengthen corporate governance.

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Chief Executive Officer, Alex Gendis, said: “The results achieved during the year demonstrate the resilience of our business and our ability to adapt to changing market conditions. We will continue to focus on operational excellence, innovation and disciplined execution as we position the company for sustainable growth, underpinned by our commitment to building and sustaining strong strategic partnerships with our customers.” The company reported unaudited first-quarter 2026 revenue of N37.54 billion, driven by improved operational efficiency and effective asset utilisation.

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