VIETNAM: APB brewery expansion unveiled
Asia Pacific Breweries (APB) has completed the expansion of its brewery in South Vietnam, increasing capacity from 1.5m hl to 2.3m hl.
The move will allow Vietnam Brewery Limited (VBL), in which APB has a 60% stake, to increase production of leading premium beers Tiger and Heineken. VBL had previously been running at full capacity.
"With the additional capacity now in place at VBL, it will make it technically feasible for us to continue to build on the success of these brands by driving higher volumes," said Koh Poh Tiong, CEO of APB.
The company invested EUR31m (US39.5m) in new equipment at the brewery, which was established in 1993 and extended in 2001. It now has a second bottling line capable of running 50,000 bottles an hour.
Vietnam's beer market registered growth of 17% in 2005, its third successive year of double-digit growth.
The judge in Heineken's court case with its partners in Singapore has dismissed the Netherlands-based brewer's summons....
Orangina Schweppes has appointed Hughes Pietrini as marketing director....
Brau Holding International is targeting a 15% increase in earnings before interest and tax this year....
Carlsberg is keen to up its presence in the east of China, but has stopped short of naming targets....
Heineken is seeking "legal clarification" as to which company can appoint the regional managing director of its Chinese venture....
Trans-Tasman beer and wine group Lion Nathan has reported a 12% rise in full-year net profit to A$226.8m (US$173.3m) - but warned rising costs would hit profits for the current fiscal year....
Asia Pacific Breweries has seen annual pre-tax profits rise 16% thanks to continued growth in Indochina....
Kingway has secured a loan to help expand its business, but remains shy of its reported borrowing target....
- What Brexit means for drinks industry? - Analysis
- The post-Brexit winners and losers - Analysis
- What does Brexit mean for AB InBev's SAB deal?
- Is there a future for the global beer brand?
- Can fruit cider survive UK slowdown? - Focus
- The UK Referendum - just-drinks Live Blog
- Aldi dealt alcohol sales blow in Australia
- Ex-William Grant CEO Stella David re-joins Bacardi
- UK spirits producers braced for Brexit impact
- Maxxium eyes US$1.4bn opportunity in UK spirits
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Spirits and Wine: Corporate Overview
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends