INDIA: UB to invest in increasing beer capacity - report
India's United Breweries has outlined plans to expand its capacity over the next three years, according to reports.
The beer maker was cited in local reports today (31 August) as saying that it will spend INR12bn (US$291m) in anticipation of rapid growth in the Indian market.
UB, which is 37.5%-controlled by Scottish & Newcastle, said its plans are in line with its expectations of beer consumption to grow by over 20% annually in India.
The brewer currently has annual capacity in the region of 120m cases.
The company also said that the market is changing and signified its readiness to expand accordingly.
Heineken has refused to be drawn on speculation that the brewer may face troubled times in India, following its pending acquisition of Scottish & Newcastle....
United Breweries has suggested a close relationship with Heineken, after the Dutch brewer lined up the takeover of Scottish & Newcastle last week....
Last week's announcement that Scottish & Newcastle (S&N) had finally agreed to recommend Carlsberg and Heineken's joint GBP7.8bn (US$15.5bn) takeover offer signalled the latest and possibly final chap...
United Spirits has posted a plunge in net profit for its third quarter....
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