• Most Popular
  • Most Shared

Brewer S&N to invest $75 mln in Vietnam brewery

Tue Dec 4, 2007 3:43am EST

Stocks

   

HANOI, Dec 4 (Reuters) - Britain's biggest brewer Scottish and Newcastle SCTN.L is looking to start its first brewery in Vietnam with a $75 million investment, state media reported on Tuesday.

The plant, to be located near Ho Chi Minh City in the south, would have an annual output of 75 million litres of Kronenbourg beer in the first phase, the Dau Tu (Investment) newspaper quoted S&N's country manager Juan Luis Restrepo as saying.

The company plans to import Kronenbourg to Vietnam until the plant has started production.

Several international brewers have established their own breweries in Vietnam including Dutch brewer Heineken (HEIN.AS), Singapore's Tiger Beer (APBB.SI)(FRNM.SI) and Denmark's Carlsberg (CARLb.CO). (Reporting by Nguyen Nhat Lam, editing by Jan Dahinten)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets