SABMiller awarded brewing licence in Namibia
8 September 2009
SABMiller plc announces that it has been granted a license by the Namibian government to brew and bottle beer in Namibia.
Through the creation of a new subsidiary to be called SABMiller Namibia (pty) Ltd., the group plans to invest in the construction of a brewery at a site yet to be confirmed.
SABMiller has been importing beer into Namibia through Castle Brewing Namibia (CBN) for more than 20 years and has around 22% of the domestic market through brands such as Castle Lager, Carling Black Label, Peroni Nastro Azzurro and Castle Lite.
Commenting on the decision, Cobus Bruwer, Managing Director of Castle Brewing Namibia, said: "The Namibian Government's decision to grant us this license is a milestone, as we have sought brewing rights in Namibia for the past decade. Once constructed, the development of a local plant will enable us to make our brands available in returnable bottles. When the plant is operational, we expect to contribute significantly to the Namibian economy."
Notes to editors:
About SABMiller plc
SABMiller is one of the world's largest brewers with brewing interests and distribution agreements across six continents. The group's wide portfolio of brands includes premium international beers such as Grolsch, Miller Genuine Draft, Peroni Nastro Azzurro and Pilsner Urquell, as well as market-leading local brands such as Aguila, Castle, Miller Lite, Snow and Tyskie. SABMiller is also one of the largest bottlers of Coca-Cola products in the world.
In the year ended 31 March 2009, the group reported US$3,405 million in adjusted pre-tax profit and group revenue of US$25,302 million. SABMiller is listed on the London and Johannesburg stock exchanges.
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