When Alex Gendis took the helm at Beta Glass, Nigeria’s largest glassmaker, he inherited a company with a proud legacy — and a need to adapt fast.
Now, just over two years into a sweeping transformation, Gendis is steering the 50-year-old manufacturer into a new era of growth.
Beta Glass Investment In Nigeria
CEO Alex Gendis revealed this in an exclusive interview with the newsmen, following the company’s nearly 600% surge in Q1 2025 profit after tax.
Efficiency Strategy Driving Growth
“We launched our transformation strategy in early 2023, and it’s driving strong results,” Gendis said.
Furthermore, he said, “We’ve enhanced efficiency across our Agbara, Ijebu Ode, and Ughelli plants, cut costs, and expanded into high-growth sectors like food, beverages, and pharmaceuticals.”
Regional Expansion Gains Momentum
Rising consumer demand has pushed Beta Glass to expand exports to over nine countries.
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Gendis credits the African Continental Free Trade Area (AfCFTA) with opening new markets and reducing trade barriers, giving the company a broader regional reach.
Upgrading Existing Facilities
Rather than building new factories, Beta Glass continues to upgrade its existing plants.
The company recently installed solar power and ramped up its recycling efforts to improve sustainability.
Managing Costs And FX Exposure
Beta Glass sources key materials like limestone locally to limit foreign exchange risk, while strategically importing essentials such as soda ash through strong supplier partnerships.
Pushing Sustainability And Innovation
To reduce its environmental footprint, the company increases recycled content, invests in energy-saving technologies, and develops lightweight glass packaging.
Investor Confidence Remains High
On dividends, Gendis said the company will balance shareholder returns with reinvestment.
Its share price has soared nearly 300% in 2025, reflecting strong investor confidence.
Long-Term Vision For Leadership
“Over the next decade,” Gendis concluded, “we’ll lead Sub-Saharan Africa in sustainable, innovative glass manufacturing.”
