India: United Breweries Limited establishes new brewery plants in inland
United Breweries Limited intends investing about US$22.8 million in establishing new greenfield brewery plants in Orissa, Rajasthan and Uttar Pradesh, as well as expanding the ones existing in some states, Asia Pulse communicated on September 20.
Speaking to reporters after the annual general meeting of the UBL here, Mallya said the three markets were growing strongly for the company. In the first five months, April-August 2005, of the current financial year, UBL registered a 19 % growth year-on-year.
"We have more than commensurate growth in profitability (in April-August 2005)," he informed the shareholders. UBL is seeking to enhance sales of its Kingfisher product overseas, leveraging the "distribution muscle" of its strategic partner Scottish & Newcastle, he said
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