SABMiller to invest USD 260mn to boost capacity in Africa.

By bne IntelliNews November 21, 2011
London-based brewer SABMiller plans to invest USD 260mn to expand its production capacity in Africa, Business Day reported. The worlds second largest brewer plans to boost the capacity of its plants in Uganda, Ghana, Zambia and Tanzania, and also make some greenfield investments on the continent, aiming to back its strong performance on the African markets. The global brewer saw developing markets like Africa and Latin America showing robust growth, while Europe and the United States lagged behind, as expected. SABMiller's volumes in Africa rose 15% y/y in the six months to September, while its total lager volumes remained at 12.3 million hectolitres and soft drinks volumes fell 3%.

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