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Compañía Cervecera increases its investment 24% during this year up to €6.5 million

22 October 2013

Effort is being put into the modernisation of its factories in Gran Canaria and Tenerife, improvement in quality and efficiency, and innovation in products and formats

- During the last ten years the company has invested an average of €6.1 million annually

- Despite the difficult economic situation, Compañía Cervecera wants to strengthen the industrial sector in Canarias

- Among its actions, the company also includes support to the hospitality sector through the development of activities designed to boost leisure activities

Santa Cruz de Tenerife, October 21st, 2013 - Compañía Cervecera de Canarias will increase its investments 24% for this year, reaching €6.5 million, compared to €5.2 million last year.

This data shows the company’s commitment to consolidating and strengthening its activity for the future, despite the current economical environment where it is necessary to reinforce the economical activity in the Islands.

Also, this increase in the investment aims to consolidate the action strategy that Compañía Cervecera has been developing, allowing it to add an average of €6.1 million annually for the last ten years.

The investment effort of the company translates to the commitment of the modernisation of its two factories, in Santa Cruz de Tenerife and Las Palmas de Gran Canaria, and at the same time advocates to increase and ensure the product quality.

One of the goals is to achieve the highest level of security in its facilities, as well as the highest level of efficiency in the usage of natural resources, which leads to a decrease in the environmental impact.

In this sense, some of the main actions focus on the introduction of technical improvements within the packaging process in its two company factories. To this, actions focused on controlling the efficiency of the boiling equipment, as well as investments in terms of industrial safety, have been incorporated.

True to its commitment to the environment, the company will use nearly one million Euros in the purchase of returnable packaging, the most respectful to the environment, as it’s built once and can be used many times with consequent savings in raw materials and energy.

To this, investments carried out by Compañía Cervecera to encourage and support the market, especially the hospitality market, which exceeded two million Euros, have been added.

In this sense, the company has been working to increase hospitality and leisure activities, seriously damaged as a consequence of the effects of the current economical situation with the decline of consumption. A large amount is destined for the acquisition of equipment for the serving, exhibition and conservation of beer at selling points in the Islands.

With the support to the hospitality sector, Compañía Cervecera has been carrying out actions in collaboration with city halls, city councils and different associations fundamental in the economical development and the creation of jobs in the Islands.

Examples are the culinary routes in Tenerife, Gran Canaria, La Palma y Fuerteventura in which Compañía Cervecera has helped with financial and logistical support.

About Compañía Cervecera de Canarias

Compañía Cervecera is one of the main national breweries and one of the main engines in the economical and social development in Canarias: it boosts the creation of 7,000 jobs; it is shareholder of several companies in Canarias; and it gives priority to local supplies in order to carry out production. The company, which is part of the international group SABMiller, has more than 300 business owners from Canarias among its shareholders, which are approximately 30% of the total and are represented with two members in the Board of Directors.

Compañía Cervecera produces its own brand of beer Dorada and Tropical, and under license (licence) Carlsberg; it distributes international brands such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, Guinness and Smithwick’s. Also, it has other beverages such as natural drinks Appletiser, the energetic drink Red Bull and Kopparberg cider.

 

This SABMiller subsidiary news release has been translated from its local market language to English language for publication on www.sabmiller.com. We have attempted to provide an accurate translation of the original material but due to the difficulties of translation slight differences may exist. 

Note, the news release was first published in its local market on October 21st, 2013.

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