Titan Trust Bank, a financial services provider in Nigeria has been in the news lately for two good things. Firstly,
Trust Bank is one of many subsidiaries of a leading conglomerate called Tropical Genera Investment (TGI) Group. This group of companies is led by Dutch-Nigerian billionaire, Mr. Cornelius G. Vink (MFR), an astute businessman who sold one of his companies, CHI Limited to Coca-Cola for $1 billion in 2019.
So, who is Cornelius G. Vink (MFR) ?
Since the 1980s, Mr. Vink, a billionaire who keeps a low profile, has been managing enterprises in Nigeria. Cornelius G. Mr. Cornelis G. Vink started CHI Limited, makers of the popular Chivita products. Incorporated in Nigeria in 1980, CHI Limited also began operations in March of the same year. Mr Vink is also the chairman of Tropical General Investments Group, popularly called TGI
With more than 40 years of experience, he has successfully established and run companies across the globe. As a businessman, Cornelis has always worked with a vision to offer quality and healthy food products at affordable prices.
With a background in Chemical Engineering, his vision and leadership has seen TGI emerged as a strong group respected world-over. Mr. Cornelis G. Vink was decorated with National Honours as the Member of the Federal Republic of Nigeria (MFR) by the late President Musa Yar’adua.
Thanks to his hard-work, team building and personal contribution, the products developed by group companies have been most liked and talked about by brands. Mr. Vink’s values are carried forward by the respective teams, spearheading numerous social, value-driven and need based projects for the well being of the society.
About TGI Group
Tropical General Investments (TGI) Group is a conglomerate with diversified interests and investments in Nigeria, Republic of Benin, Ghana, Ivory Coast, South Africa, Morocco, U.A.E. India, China and several other emerging markets. TGI Group was founded four decades ago and has been headquartered in Nigeria. TGI itself is owned by Vinc Corporation which is a foreign company.
Vinc Corporation controls about 24 companies in the expansive conglomerate empire. The group’s business interest covers manufacturing of packaged food and condiments, production of vegetable oil, cotton ginning, poultry and fish farming, processing and marketing of frozen foods, importation and distribution of industrial and agro chemicals, fish trawling and specialised oil services.
The group has been witnessing significant growth across all the business verticals and has become a household name in many of the geographies it operates in with very strong brands and robust infrastructural presence.
One of TGI’s most significant businesses was CHI Limited, which produced the well-known Chivita products. In 2019, TGI sold CHI Limited to Coca-Cola. The largest parboiled rice mill in Africa, WACOT Rice Mill is reportedly owned by TGI and is situated in Kebbi State.
TGI Group also owns CORMART, one of the foremost & largest manufacturers of styrene-acrylic in Nigeria—a key raw material for the paint industry. They are the producers of the famous RENEW cold water starch.
In agriculture, TGI owns CHI Farms and is one of the largest suppliers of “day-old chicks” in Nigeria. They also own FLUDOR Benin, which has the largest cashew processing plant in the Republic of Benin, employing over 1000 women, who make up 85% of the entire workforce.
The health sector isn’t also left out as TGI owns CHI Pharmaceuticals. It is the youngest pharmaceutical company in West Africa to obtain the World Health Organisation (WHO)’s Good Manufacturing Practice (GMP) certification. Only eight pharmaceutical companies have the certification in the region.
Popular products include but not limited to RENEW cold water starch, Kleansol toilet cleaner, Big Bull parboiled rice, Golden Terra soya oil, Terra Cubes, Fludir Oil, Shine All Scouring Powderand Abeva UHT Milk.