SABMiller to invest $110 million dollars expanding production capacity in Nigeria
SABMiller's Nigerian subsidiary, Intafact Beverages Ltd, announces the expansion of its brewery in Onitsha, South Eastern Nigeria. His Excellency Dr. Goodluck Ebele Jonathan, President of The Federal Republic of Nigeria, originally commissioned the brewery in August 2012.
SABMiller made an initial investment of over US$100 million in the Onitsha brewery, making it the largest single investment in Anambra State for almost 20 years.
Due to our growth and in particular the success of Hero Lager, a further US$110 million will be invested in the brewery to triple its current annual capacity from 700,000 to 2.1 million hectolitres. Currently, the business directly employs 300 local people and the investment will lead to the creation of a further 400 direct jobs.
Simon Harvey, SABMiller Nigeria Managing Director, added: "We have made significant investments over the past five years in Nigeria and this announcement demonstrates our ongoing commitment in the country".
The capacity expansion work has already commenced and is due for completion in the first quarter of 2015. The brewery will continue to produce brands including Hero Lager, Castle Milk Stout and non-alcoholic malt beverages Grand Malt and Beta Malt.
Notes to editors
SABMiller plc is one of the world's leading brewers with more than 200 beer brands and some 70,000 employees in over 75 countries. The group's portfolio includes global brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft and Grolsch; as well as leading local brands such as Aguila (Colombia), Castle (South Africa), Miller Lite (USA), Snow (China), Victoria Bitter (Australia) and Tyskie (Poland). SABMiller also has growing soft drinks businesses and is one of the world's largest bottlers of Coca-Cola products.
In the year ended 31 March 2013 the group reported group lager volumes of 242m hectolitres, group revenue of US$34,487 million and group EBITA of US$6,421 million. SABMiller plc is listed on the London and Johannesburg stock exchanges.
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