10th November, 2010
All is set for the commissioning of the new multi-billion naira cocoa products factory, Multi-Trex Integrated Food Plc.
The factory, located along the Lagos-Ibadan Expressway, Warewa, Ogun State, is scheduled for commissioning on Friday, 12 November 12, 2010 by President Goodluck Jonathan in the course of his official visit to the state.
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He disclosed that the new plant will usher in an era whereby Nigerians will for the first time begin to enjoy the taste of real cocoa drinks as against the current situation where they have assess only to cocoa flavoured drinks.
Multi-Trex, founded in 1999, recently listed its shares on the floor of the Nigerian Stock Exchange, NSE.
According to figures made available to the media, it achieved a profit after tax of N219.6 million and a turnover of N3.1 billion in its latest financial year end.
Also, it has set up a subsidiary company in Zambia to enable it adequately explore business opportunities in the East and Southern African countries.