Thursday 27th August 2015

banner.png

news menu leftnews menu right

Heineken receives Fermentation tanks PDF Print E-mail
By Fitsum Abera   
Monday, 10 February 2014 06:30

After a wait of six weeks, Heineken Greenfield Brewery finally received six new fermentation tanks on February 7. The tanks came to the country via the Djibouti route.


Heineken entered the Ethiopian market when it purchased Bedele Brewery S.C. and Harar Brewery S.C. for USD 163.4 million in 2011. It expended an additional 45 million Euros to upgrade the two breweries.  
It has since started construction of its new Greenfield brewery Kilinto which will start production later this year according to the company’s public relations office. The cost of the factory is over 127 million Euros.
Heineken is not the only international brewery interested in Ethiopia. United kingdom based Diageo leveled the playing field a bit by purchasing Meta Abo Brewery for USD 225 million. The other global giant interested in the game is Bavaria N.V. Brewery which owns 49.9 percent of Habesha Breweries S.C.
The production capacity of the new brewery which stands on a 25ha plot is estimated at 1.5 million hectoliters. Ethiopia’s average annual beer consumption stands at five liters per person annually, while Kenya’s is 12 liters. The Czech Republic tops the list with 131.7 liters a person.


blog comments powered by Disqus
 

ADVERTISEMENT

POLL 1

1. Do you think the telecom sector should be open for foreign firms?

(346 votes)

23.7%   (82)
73.7%   (255)
2.6%   (9)
Loading...

POLL 2

2. Do you think the banking sector should be open for foreign firms?

(222 votes)

22.1%   (49)
77.5%   (172)
0.5%   (1)
Loading...


Powered by Spearhead Softwares Joomla Facebook Like Button
Follow us on Twitter

PANKHURST'S CORNER

The Dramatic History of Addis Ababa Part 13: The Beginnings of Cabinet Government

The object of the present series of articles is to consider how the founding and early growth of Addis Ababa witnessed Transformation in other fields of Ethiopian economic, social and political life. read more...

ENTREPRENEUR PROFILE

Name: Yonas Gizaw
Education: Industrial Chemistry
Company name: Yonas Foods Packaging and Distribution
Studio title: Manager
Founded: 2004
What it does: Produce and pack iodized sugar and vitamin A sugar read more...

DOING BUSINESS

Most new buildings which we see shooting up like mushrooms in the city are designed to function as apartment blocks, offices, shopping malls, factories or warehouses. read more...

BUSINESS & ECONOMY

For several years, the Chinese leadership has been inundated with United States’ demands to revalue the Yuan. During the Bush Administration, in April 2005, the United States Senate voted with a 67-33 margin, read more...