INDIA: UB to invest in new breweries
India's United Breweries Limited is looking to build three new green-field breweries and to expand some of its existing plants.
UB has set aside around Rs 1 billion (US$22.8m) for the project, which will see new plants in Orissa, Rajasthan and Uttar Pradesh.
Chairman Vijay Mallya said on Monday that the markets were growing well for the business.
Speaking to reporters, Mallaya added that in the first five months (April-August 2005) of the current financial year, UBL had seen a 19% growth compared to the same period in the previous year.
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