Czech firm to build Asia’s biggest brewery in Vietnam
Friday, December 06, 2013, 13:36 GMT+7
Czech firm BTG Holding will build Asia’s biggest brewery in Vietnam with a total registered capital of US$116 million (86 million euro).
BTG Holding inaugurated its Lac Thinh industrial park on 220 hectares of Hoa Binh province with a total registered capital of US$54 million. Two BTG Holding projects which obtained the investment license include its brewery and its thermal power plant.
The US$116 million Czech brewery with a capacity of 190 million liters a year will mainly produce Budweiser Budvar beer which will be exported to neighboring countries including Korea, Japan, and China and will be available for local customers.
The plant is expected to start construction on November 2015 and will be the biggest brewery in Asia.
BTG Holding will also build a $136 million (100 million euro) biomass-fired power plant with a capacity of 2x25 MW, which will ensure a stable power supply for factories in the industrial park such as electronic chip, solar cell, and milk processing plants.
BTG has also submitted documents requesting an investment license for the company’s automobile manufacturing plant in Lac Thinh industrial park with a total registered capital of $271 million (200 million euro).
The industrial zone is comprised of a custom department, banks, post offices, sports and health centers, hotels, and accommodation for managers and workers.
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In a report released in October 2012, global market research company Euromonitor International found that Vietnamese drinkers put down 2.6 billion liters of beer in 2011, ranking first in the Southeast Asian region for beer consumption, followed by Thailand and the Philippines. Myanmar had the lowest consumption rate with 30.4 liters of beer, the firm said. Meanwhile Filipinos, who placed third on the list, drank 1.6 billion liters, nearly double the total amount of beer consumed in Myanmar, Singapore, Laos, Cambodia, Malaysia and Indonesia, ranked from 4th to 9th respectively. In 2010, the Euromonitor International forecast that beer consumption (by volume) in the Vietnamese market would grow rapidly. Vietnamese consumed 1.6 billion liters of beer in 2009, a surge of 56 percent over 2004. |
