SABMiller to invest $110 million dollars expanding production capacity in Nigeria
Posted: 23 January 2014 | SABMiller | No comments yet
SABMiller‘s Nigerian subsidiary, Intafact Beverages Ltd, announces the expansion of its brewery in Onitsha, South Eastern Nigeria…
SABMiller‘s Nigerian subsidiary, Intafact Beverages Ltd, announces the expansion of its brewery in Onitsha, South Eastern Nigeria. His Excellency Dr. Goodluck Ebele Jonathan, President of The Federal Republic of Nigeria, originally commissioned the brewery in August 2012.
SABMiller made an initial investment of over US$100 million in the Onitsha brewery, making it the largest single investment in Anambra State for almost 20 years.
Due to our growth and in particular the success of Hero Lager, a further US$110 million will be invested in the brewery to triple its current annual capacity from 700,000 to 2.1 million hectolitres. Currently, the business directly employs 300 local people and the investment will lead to the creation of a further 400 direct jobs.
Simon Harvey, SABMiller Nigeria Managing Director, added: “We have made significant investments over the past five years in Nigeria and this announcement demonstrates our ongoing commitment in the country”.