Tuesday, March 27, 2007

Vinamilk starts brewery joint venture

A brewery with an annual production capacity of 100 million litres was inaugurated at the My Phuoc Industrial Zone No.2 in southern Binh Duong province on Mar. 26.

The joint venture between the Viet Nam Dairy Products Joint Stock Company (Vinamilk) and London-based SABMiller, the world's second largest brewer, will have an initial production capacity of 50 million litres per year.

The SABMiller Viet Nam, whose construction commenced in March 2006, was installed with a state-of-the-art production line from Germany under the supervision of more than one hundred European experts.

Under the deal between the two companies, Vinamilk and SABMiller each hold 50% interest in the 45mio US$ project.

Products of the joint venture, bearing the Zorok trademark, will take advantage of the extensive distribution network of Vinamilk, the market leader in milk and related products of Viet Nam with 75% market share, and the SABMiller's distribution network in more than 60 countries.

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