| Fri 25 Aug 2006, 8:00 | | SABMiller Plc - To invest $175 million in new Colo |
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SAB
SOSAB
SABMiller Plc - To invest $175 million in new Colombian brewery
SABMiller Plc
JSEALPHA CODE : SAB
ISSUER CODE SOSAB
ISIN CODE GB0004835483
SABMiller plc to invest $175 million in new Colombian brewery
London and Johannesburg, 25 August 2006: SABMiller plc, one of the world"s
leading brewers, today announces that its Colombian subsidiary Bavaria will
invest US$175 million in a new brewery in Yumbo, on the outskirts of Cali in
western Colombia, to keep pace with growing demand in the region.
The new brewery, which will become operational in late 2007, will have an
initial capacity of 3.5 million hectolitres, increasing to 4.5 million
hectolitres by 2009. It replaces an existing 1.3 million hectolitre facility
in the centre of Cali, which is almost 80 years old and is on a site which
cannot be expanded.
The new plant, which will be built to a high technological specification, is
expected to be world class in quality and productivity, setting a benchmark
for other breweries in South America. It is anticipated that the investment
will provide employment for some 200 people and will include two new bottling
lines, a keg plant and a new can line from 2009.
Commenting on the new investment, Karl Lippert, the president of Bavaria,
said:
"We are confident in the Colombian economy and, importantly, in the support of
our consumers. The western parts of Colombia have had to be supplied to a
large extent from our BogotA and Medellin breweries, and this move will allow
us finally to catch up with the growing demand in this part of the country. A
new brewery such as this is also a great opportunity to take steps forward in
production techniques, quality, ergonomics and environmental care, to the
benefit of our consumers and our other stakeholders."
Ends
Notes to editors:
SABMiller
SABMiller plc is one of the world"s largest brewers with brewing interests or
distribution agreements in over 60 countries across five continents. The
group"s brands include premium international beers such as Miller Genuine
Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as an exceptional
range of market leading local brands. Outside the USA, SABMiller plc is also
one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2006, the group reported US$15,307 million in
revenues and profit before tax of US$2,453 million. SABMiller plc is listed on
the London and Johannesburg stock exchanges.
Bavaria S.A.
Bavaria S.A. is Colombia"s leading beverage company. Its brands Aguila,
Aguila Light, Poker, Costena, Pilsen, Club Colombia, Brava, Costenita, Pony
Malta, Agua Brisa, Tutti Fruti, Malta Leona, Cola y Pola, are leaders in
Colombia.
This announcement can be found on www.sabmiller.com
High resolution brand images are available for the media to view and download
free of charge from www.vismedia.co.uk.
Enquiries:
Tel: +44 20 7659 0100
SABMiller plc
Sue Clark Director of Corporate Tel: +44 20 7659 0184
Affairs
Gary Leibowitz Vice President, Investor Tel: +44 20 7659 0174
Relations
James Crampton Media Relations Manager Tel: +44 7795 208158
Bavaria S.A.
Maria Clara Gracia Director of Media Tel: +57-1-638 9290 -
Buitrago Relations and Corporate BogotA
Identity
This announcement does not constitute an offer to sell or issue or the
solicitation of an offer to buy or acquire securities of SABMiller plc (the
"Company") or any of its affiliates in any jurisdiction or an inducement to
enter into investment activity.
This document includes "forward-looking statements". These statements may
contain the words "anticipate", "believe", "intend", "estimate", "expect" and
words of similar meaning. All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding the Company"s financial position, business strategy, plans and
objectives of management for future operations (including development plans
and objectives relating to the Company"s products and services) are forward-
looking statements. These forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause the
actual results, performance or achievements of the Company to be materially
different from future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements
are based on numerous assumptions regarding the Company"s present and future
business strategies and the environment in which the Company will operate in
the future. These forward-looking statements speak only as at the date of
this announcement. The Company expressly disclaims any obligation or
undertaking to disseminate any updates or revisions to any forward-looking
statements contained in this announcement to reflect any change in the
Company"s expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based.
Any information contained in this announcement on the price at which the
Company"s securities have been bought or sold in the past, or on the yield on
such securities, should not be relied upon as a guide to future performance.
Date: 25/08/2006 08:00:39 AM Produced by the JSE SENS Department
