AUS/NZ: Lion Nathan chooses site for Auckland brewery

By | 22 November 2007

Lion Nathan has chosen a site in East Tamaki for its new Auckland brewery, according to local reports.

The New Zealand Press said yesterday (21 November) that the trans-Tasman company, which Japan's Kirin Holdings has a 46.1% stake, has picked a location for its A$250m (US$219m) facility subject to approval by the Overseas Investment Office.

The company reportedly said that the facility is expected to be open within four years.

Yesterday, Lion Nathan posted that operating profit in the year to the end of September climbed by 3.8% year-on-year, coming in at A$267.2m (US$233.2m). The rise came on the back of increased sales in the year, up 6.6% on FY 2006 to A$1.97bn.

Net profit, including one-offs, increased by 24% to A$282.1m, aided in part by the sale of the company's previous Auckland brewery site in the period. Lion Nathan credited the sales rise to increased brand investment and new product development, coupled with greater focus on national and premium brands.

Sectors: Beer & cider

Companies: Lion Nathan, Kirin

View next/previous articles

Currently reading -

AUS/NZ: Lion Nathan chooses site for Auckland brewery

There are currently no comments on this article

Be the first to comment on this article

Related articles

AUS: Managing director switch at Diageo Australia

The Australian unit of Diageo has confirmed details of a change of managing director.

AUS: RTD tax hike set to benefit brewers - analyst

Increased excise on pre-mixed spirits in Australia is expected to boost beer sales for Foster's and Lion Nathan.

JAPAN: Rising costs lead to Kirin, Sapporo distribution tie-up - report

Kirin Holdings and Sapporo Holdings are looking to merge their beer distribution in the north of Japan, according to local reports.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page