Julius Berger Nigeria Plc (NGX: JBERGER) has set date for the commissioning is its first Agro-processing activity, cashew processing factory, as the company diversifies into Agro-sector.
The company said the pioneer cashew processing plant located in Epe, Lagos State, will be commissioned on September 10, 2022.
This was contained in document signed by the company secretary, C. E Madueke seen by Investogist.
Julis Berger Nigeria in February 2022 said the cashew processing “shall form the cornerstone of Julius Berger’s diversification activities, and in particular in the Agro-sector.”
The company maintains that its “diversification direction would support the continued success of the Julius
Berger Group in the future and align with the strategic objectives of the Government to stimulate value
creation in Nigeria.”
The equity price of Julius Berger Nigeria Plc closed flat on Tuesday at N25.90 per share on the Nigeria Exchange.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.