SABMiller carrying out US$260M capacity-expansion program in Africa, planning more investment on the continent this year, CEO says
March 6, 2012
– SABMiller PLC CEO Graham Mackay said the company is carrying out a US$260 million capacity-expansion program in Africa and that more investment on the continent is likely to happen this year, The Wall Street Journal reported March 6.
Last November, the company announced that it would expand capacity at its subsidiaries in Ghana, Tanzania, Uganda and Zambia. SABMiller will also commission a doubling of its Sudanese capacity in 2012, Mackay said.
African countries are among SABMiller’s most profitable areas, with profit margins on the continent as a whole higher than those in China, Mackay said. Overall, he added, emerging markets account for 80% of the company’s earnings.
The primary source of this article is The Wall Street Journal, New York, New York, on March 6, 2012.