The Coca-Cola Company on Wednesday launched a new line of fruitjuice made from concentrate: Five Alive Pulpy Orange, and announced Teragro, agribusiness subsidiary of Nigerian conglomerate Transnational Corporation of Nigeria Plc (Transcorp) as the sole local-concentrate sourcing partner for the product.
Transcorp agribusiness subsidiary Teragro Commodities Limited produces orange, mango and
pineapple concentrates for industrial markets. Teragro first began producing concentrate for
Coca-Cola in 2014.
“In July, we invested in a world-class extraction cup, which revolutionized the production process
and ensured that our concentrates meet the most stringent international standards,” said Teragro
CEO Dupe Olusola. “Our budding relationship with Coca-Cola is essentially the international seal
of approval on our products.”
Given the scale of The Coca-Cola Company’s sales network and the impact on critical resources
like water, it has emphasized the importance of partnering locally to ensure sustainability of supply
“We are establishing long-term relationships with suppliers all over the world, and our partnership
with Teragro is helping us to change the way agribusiness is done in Nigeria,” said Nigerian Bottling
Company Director of Stills Prahlad Gangadharan. “We are proud to have a supplier like Teragro,
that delivers the highest quality product, making sustainability without sacrificing quality, a real
Teragro recently signed a memorandum of understanding (MOU) with the Benue State
government to lease land to establish citrus farms with improved varieties of citrus fruits and to
diversify crops. The company employs and invests in capacity building for small-scale farmers as
part of its commitment for improved return to investors, while providing support to the community.
“We have made investments in Teragro’s processes to ensure quality and that has elevated us to
the pinnacle of local producers and ensures that we are able to compete with any international
producer,” said Transcorp Group CEO Emmanuel N. Nnorom. “The fact that Coca-Cola is using
our product is a testimony of its high-quality and of Coca-Cola’s commitment to meeting its goals
with the best suppliers in Nigeria.”