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Headline - WAMCO Nigeria opens N2b Cutting Edge Warehouse


Lagos State Governor Akinwumi Ambode, on Tuesday, commissioned a state-of-the-art warehouse for finished goods, worth over two billion naira, an equivalent of 8.3 million Euros in Ogba, Ikeja Industrial area, for FrieslandCampina WAMCO Nigeria Plc.

While commissioning the new facility, His Excellency, Governor Akinwumi Ambode lauded FrieslandCampina WAMCO for increasing its investment in Lagos State despite the challenging economy and for contributing to the growth of commerce in the state.

The Governor who was represented by the Attorney General of the State, Justice Adeniji Kazeem, further commended the diary company for accomplishing the feat and ensuring commitment to integrity, professionalism in compliance with internationally acclaimed best practices, saying that the company has made the state proud.

He enjoined the company to continue with its best practices in the discharge and management of industrial waste and effluents noting that the new finished goods warehouse is in alignment with environmental Green Goals.

According to him, the completed warehouse will boost the company’s distribution capability, number of employees, wholesalers, retailers and consequently enable Nigerians to enjoy more access to quality nutrition.

The Governor said: “I celebrate this historic moment in the life of FrieslandCampina WAMCO Nigeria Plc, makers of Peak, Three Crowns and Frisobrands of milk in Nigeria. Today is also the remarkable day for Lagos State, because this event is another endorsement to our continuous efforts, to tell the world that Lagos is the place to invest.

“Over the years, WAMCO has proven itself to be a proactive company of integrity, professionalism with internationally acclaimed best practices. This I believe is the reason why the Peak brand has endured for so long and is still the leading and preferred milk brand today.

It is therefore no wonder that your company has achieved this feat today by the commissioning an ultra-modern finished goods warehouse.”

“Importantly, the construction of this facility was guided by compliance to global best practice in food safety and quality regulations, featuring a capacity of over 14,000 pallet positions and executed with LED lights which avail brighter surroundings in alignment with environmental Green Goals.

“Hence, the commissioning of this state-of-the-art warehouse testifies to your faith in our economic development, even in today’s uncertainties and also your desire to contribute to the growth of commerce in our beloved state.”

He further noted: “In Lagos State, we emphasize the importance of paying your tax regularly. Companies and individuals, who evade tax, definitely work against the good of the society. Indeed the benefits of tax are enormous to the growth and sustenance of every progressive society with people oriented initiatives. It goes a long way to facilitate government policies, economic system as well as social infrastructures.”

A statement Tuesday, signed by Ore Famurewa, Corporate Affairs Director, stressed that the company is committed to ensuring compliance to global, best practice in food safety and quality regulations.

The statement said: “Guided by compliance to global, best practice in food safety and quality regulations, FrieslandCampina WAMCO’s newly-completed finished goods warehouse features a capacity of over 14,000 pallet positions and is executed with light-emitting diode (LED) lights which avail brighter surroundings and align ourselves with environmental green goals.”

Famurewa stated: “The ultra-modern facility sits on a 3.5 acre property and contains in-built offices for warehouse managers and storekeepers, which allows for closer contact, ensure easier control and enable effortless access among staff. The system cuts down logistics and avails a structured first-in-first-out process, which will significantly reduce storage-related errors.

The construction of this state-of-the-art facility means that FrieslandCampina WAMCO has further improved the demands of its distribution process and is better prepared to ensure the accessibility of its products and commitment of nourishing Nigerians with quality dairy nutrition, she added.

“We are really pleased with this new warehouse, which allows us to continue to meet the growing demand of our operations. This means we can offer our customers better stock guarantees, accruing from the state-of-the-art facilities of this investment,” explained Rahul Colaco, Managing Director of FrieslandCampina WAMCO.

“The new Finished Goods Warehouse underlines FrieslandCampina WAMCO’s strategy in reinforcing world class operations. The working environment in the new facility is significantly conducive for workers; this is due to the mechanical ventilation apparatus that include air expellers and vents,” Rahul noted.

FrieslandCampina WAMCO Nigeria PLC has been a necessary part of most Nigerian homes since 1954 through its brand, Peak Milk. They are the makers of Peak, Three Crowns and Friso brands of milk in Nigeria.


Source : NASD OTC Securities Exchange