Cormart Nigeria Limited has announced its partnership with Kerry, one of the world’s leading manufacturers of food flavours and ingredients. A statement from the company explained that the partnership entails the local manufacturing of flavours for industrial applications.
It also noted that Kerry has been in the Nigerian market for a long time selling finished products, but would now begin local production in Nigeria with Cormart Nigeria Limited. It further stated that the partnership was in line with Cormart’s commitment to expanding its manufacturing capabilities in its sectors, adding that it would also enable Kerry to be more sensitive and responsive to the local market requirements.
According to the statement, the benefits of the partnership for both businesses and their potential customers are enormous, noting that the collaboration would improve the quality of the products by saving shipment time, and ultimately reducing cost.
The Sales Director, Kerry Taste and Nutrition, APMEA, Robin Oort, disclosed that Kerry has had a long-standing relationship with Cormart, “and we are happy that we can bring this partnership to a new level through our new manufacturing contract.”
The statement remarked that the partnership would make it easier for Nigerian manufacturers to conveniently procure the top quality Kerry flavour, “there would be no forex required, less capital tied up in LC’s, smaller minimum order quantities (MOQs) and shorter lead times.”
Cormart’s Managing Director, Martin Middernacht, expressed delight about the new partnership.
He said: “We are delighted to partner with a world-class company that operates at the highest quality standards. It is a great sign for the quality level at which we operate at Cormart.”
Also, the General Manager, Cormart, Dr. Johannes Flosbach, who commented on the economic benefits of the partnership to the manufacturing sector, remarked that it was timely in line with the recently ratified African Continental Free Trade Area (AfCFTA).
“We will not only produce for Nigeria, but also for neighbouring markets. This project helps Nigeria become a regional manufacturing hub, and our commitment to the Nigerian market is to ensure that we expand our local manufacturing capabilities,” he said.
The Business Unit Head, Cormart Food and Nutrition Department, Felicia Onabanjo, stated: “The partnership is a welcomed development. It is going to help in reducing the cost of importing raw materials, which is an economic boost for beverage, distillery, and confectionery industries.”
