25th Aug 2006 13:00
SABMiller PLC25 August 2006 SABMiller plc announces $102 million investment in Peru London and Johannesburg, 25 August 2006. SABMiller plc, one of the world'sleading brewers, announces that its Peruvian subsidiary Backus and Johnston willinvest US$102 million in infrastructural projects in Peru. The investment,which will be made by March 2007, will include the expansion of the brewhouse atits Ate facility to the east of Lima; a new brewhouse at the brewery in Motupein northern Peru; and a significant upgrade of packaging capability across thecountry. The investment will also include a further $12 million expenditure onfridges, coolers and trade equipment to improve the accessibility of coldproduct to all Peruvians. In addition to the investment above, Backus and Johnston has also announced aproposed merger with Cervesur, its majority owned affiliate and other affiliatecompanies. This nil-premium transaction will serve to simplify and streamlineSABMiller's operations in Peru into a more directly manageable and accountableholding structure. Commenting on the new investment, Robert Priday, the president of Backus andJohnston, said: "The investments will serve to extend the production capacity in the breweryplants in Lima as well as interior of the country, which will comply with themost modern technology in brewing, fermentation and packaging processes. Theinvestment will ensure that we can sustain and improve on the high quality ofbeer we have become renowned for. It is also a reflection of our commitment andconfidence in our operation in the country. The steady improvement in the localeconomy deserves to be rewarded with investments of this nature." Ends Notes to editors: SABMiller SABMiller plc is one of the world's largest brewers with brewing interests ordistribution agreements in over 60 countries across five continents. The group'sbrands include premium international beers such as Miller Genuine Draft, PeroniNastro Azzurro and Pilsner Urquell, as well as an exceptional range of marketleading local brands. Outside the USA, SABMiller plc is also one of the largestbottlers of Coca-Cola products in the world. In the year ended 31 March 2006, the group reported US$15,307 million inrevenues and profit before tax of US$2,453 million. SABMiller plc is listed onthe London and Johannesburg stock exchanges. Backus and Johnston Backus is the most important brewing company in Peru. Its principal brands are:Cristal, Pilsen Callao and Cusquena. It has production plants around thecountry. This announcement can be found on www.sabmiller.com High resolution brand images are available for the media to view and downloadfree of charge from www.vismedia.co.uk. Enquiries: SABMiller plc Tel: +44 20 7659 0100 Sue Clark Director of Corporate Affairs Tel: +44 20 7659 0184 Gary Leibowitz Vice President, Investor Relations Tel: +44 20 7659 0174 James Crampton Media Relations Manager Tel: +44 7795 208158 Fernando Hilbck Backus and Johnston Tel + 511 4112100 This announcement does not constitute an offer to sell or issue or thesolicitation of an offer to buy or acquire securities of SABMiller plc (the"Company") or any of its affiliates in any jurisdiction or an inducement toenter into investment activity. This document includes "forward-looking statements". These statements maycontain the words "anticipate", "believe", "intend", "estimate", "expect" andwords of similar meaning. All statements other than statements of historicalfacts included in this announcement, including, without limitation, thoseregarding the Company's financial position, business strategy, plans andobjectives of management for future operations (including development plans andobjectives relating to the Company's products and services) are forward-lookingstatements. 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 fromfuture results, performance or achievements expressed or implied by suchforward-looking statements. These forward-looking statements are based onnumerous assumptions regarding the Company's present and future businessstrategies 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 disseminateany updates or revisions to any forward-looking statements contained in thisannouncement to reflect any change in the Company's expectations with regardthereto or any change in events, conditions or circumstances on which any suchstatement is based. Any information contained in this announcement on the price at which theCompany's securities have been bought or sold in the past, or on the yield onsuch securities, should not be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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