The Economic Times Tuesday, July 02, 2002
Foster's boosts Vietnam brewing capacity REUTERS MELBOURNE: Australian brewer Foster's Group said on Tuesday it that it had bought a brewery in central Vietnam as it targeted further expansion in the region. Foster's said it paid A$4.7 million for the brewery assets and brand licence of the Danang (Song Han) State Brewery, allowing it to double its Danang brewery capacity to 450,000 hectolitres or six million cases. Fosters also operates the Tien Giang Brewery outside Ho Chi Minh City and said its Vietnam market share was approaching 12 per cent nationally. "Our aim is to be a major player in the Vietnam beer market as well as to use our Vietnam operations as a production source for regional exports," Fosters Brewing International managing director Rick Scully said in a statement. Shares in Foster's closed down one cent or 0.2 per cent at A$4.67 in a wider market down 0.5 per cent. Copyright � 2002 Times Internet Limited. All rights reserved.
