BRIEF HISTORY OF GOLDEN GUINEA BREWERIES PLC.
Golden Guinea Breweries Plc was incorporated on 26th September 1962, under the name of Independence Brewery Limited by the then Eastern Nigeria Development Corporation (ENDC), the investment arm of the Government of the former Eastern Region of Nigeria. The construction of the first Brewery commenced on 1st November 1961 and was completed on 30th September 1963. On 18th September 1963, the brewing of lager beer commenced and in November of the same year, Golden Guinea lager beer was launched into the Nigerian Market. It began producing its second product Eagle Stout in 1967 thereby becoming one of the two breweries producing stout in the country at that time.
On 6th May 1971, the Company changed its name to Golden Guinea Breweries PLC. as a result of the reconstitution of the country into States, the ownership of Golden Guinea Breweries passed to the East Central State Government and on to the Imo State Government in 1976. Golden Guinea Breweries became a publicly quoted company listed on the Nigerian Stock Exchange in 1978 when the then Imo State Government holding was reduced to 51% of the Company’s equity.
On 17th February 2003, there was a boiler outbreak that damaged the utilities area of the brewery, this resulted in the company being out of operations for over sixteen years. At an emergency general meeting held at Abakaliki, Ebonyi State on 24th October 2016, Shareholders resolved, amongst other things, that the Directors of the Company raise additional capital by way of Special Placement. A Core Investor, Pan Marine Investments Limited, emerged and acquired a majority shareholding of the Company. The Company was retooled, and refurbished and there was an entire restructuring of the Company in the third quarter of 2019.
However, the Company commenced trial-operations on 2nd December, 2019. Sadly, it was shortly before the onset of the COVID-19 pandemic in Nigeria which led to a lockdown that affected businesses. Efforts, however, have continued to bring the Company’s operations to normalcy, despite the associated teething problems.
Company Profile Summary
| Name of Company | Golden Guinea Breweries PLC |
| Formerly Known As | Independence Brewery Limited |
| Active Status | Functioning |
| Type of Entity | Public Company |
| Highest Shareholders | Pan Marine Investments Limited |
| Date of Incorporation | 26th September 1962 |
| Registration Number | RC 3164 |
Their Landmark achievements thus far include
- Being the first Indigenous brewery that brewed and bottled the first Indigenous lager beer ‘Golden Guinea Lager'.
- Being the first brewery that bottled the first indigenous Stout ‘Eagle Stout’.
- Being the first wholly-owned Government Company to be privatized and quoted on the Nigerian Stock Exchange,
- Being the first brewing Company to introduce the indication of shelf-life on the packaging of its products.
Departments In The Company include:
| Human Resources Department |
|---|
| Administrative Department |
| Accounting/Finance Department |
| Logistic Department |
| Engineering Department |
| Brewing Department |
| Cellars Department |
| Safety Department |
| Quality Control/Assurance Department |
| Packaging Department |
Business Address/Location
| Adress Location | Aba Road, Afara Layout |
| State | Abia |
| City | Umuahia |
| L.G.A | Umuahia South |
| Phone | 09025381818 |
| PO Box | 44023 |
Key Management Positions
| Name | Position |
| Chief. J.C. Onyearugbulem | Chairman |
| Mr. Ifeanyi G. Idika | Managing Director |
| Dr. Lawrence Adue: ACA, CPA | Head: Fiance & Accountant |
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