Upgrade highlights advances for SABECO (SAB)

Dec 15th at 12:24
15-12-2020 12:24:00+07:00

Upgrade highlights advances for SABECO (SAB)

One of Vietnam’s biggest brewers, Saigon Beer Alcohol Beverage Corporation, is ramping up investment to expand the brewing capacity of its existing ecosystem, helping to cement its footprint towards long-term sustainable development in Vietnam.

Upgrade highlights advances for SABECO
The Saigon-Quang Ngai brewery held SABECO’s new expansion capacity breaththrough event last week

The corporation (SABECO) on December 9 held a ceremony for the latest stage of the Saigon-Quang Ngai Brewery capacity expansion project in the central province of Quang Ngai, at Quang Phu Industrial Zone.

The event was part of a wider project that was kick-started at the Cu Chi, Quang Ngai, and Soc Trang breweries to optimise operating expenses, increase efficiency in the brewery’s operation activities, and meet growing market demand.

The brewery capacity expansion scheme started with the total investment of VND650 billion ($28.2 million) over three years from 2019, focusing on upgrading infrastructure, investing on supporting equipment for manufacturing, and other utilities. Factors to ensure a sustainable business environment are also being focused on, such as upgrading the A-Grade wastewater treatment system and using green energy to reduce usage.

While increasing brewery capacity, the project also focuses on on-the-job training to develop employee capability and improve performance. As the home to 200 direct local jobs, Saigon-Quang Ngai’s capacity expansion is also helping to create even more jobs for locals with the need to purchase local suppliers and engage with other business partners in supply chains.

Talking about the expansion and beyond, deputy chairman of SABECO Teo Hong Keng said, “We are continuously investing in upgrading the brewery capacity project, which aims to ensure maximum operational consistency and efficiency. It also demonstrates SABECO’s commitments to investing in infrastructure of the brewery, long-term business development, and developing a high-skilled workforce to meet the increasing demands of the market. Thus, we are contributing towards both local sustainable development and creating stable employment.”

Through the expansion, SABECO is showing its commitment to bringing the most complete experience to consumers through high-quality products; operating on the principles of environmental conservation and protection; and remaining in parallel with investment in developing surrounding communities.

Also during the event last week SABECO, on behalf of donors and runners taking part in the Rise with Vietnam Relay, gave VND250 million ($10,900) from the programme to provide critical humanitarian assistance to people who have been affected by recent floods in the central region.

This is a part of VND1 billion ($43,470) in funds from the Rise with Vietnam initiative which was announced by SABECO and the Vietnam General Confederation of Labour to contribute to relief initiatives for the typhoon and flood victims in central Vietnam.

Today, the company’s network includes 26 subsidiaries and 18 associates and joint ventures, with more than 145,000 product consumption channels spanning across the country. For the last three years, it has offered a brand portfolio consisting of some of the most well-loved beer brands in Vietnam, including Bia Saigon Special, Bia Saigon Export, Bia Saigon Lager, Bia Saigon Gold, Bia Lac Viet, Bia Saigon Chill, and Bia 333.

VIR





NEWS SAME CATEGORY

Thanh Cong Group to acquire HVS Securities and Eximbank?

Domestic automobile manufacturer Thanh Cong Group is allegedly expanding its footprint in the Vietnamese finance industry with a potential buyout of HVS Securities...

Investors raise doubt over value of TPB shares

The fact that the Tien Phong Commercial Joint Stock Bank (TPB) has been unable to distribute all shares issued under the Employee Stock Ownership Plan (ESOP) has...

ACB shares debut on HoSE, soaring 8.1%

Shares of Asia Commercial Joint Stock Bank (ACB) soared 8.1 per cent on Wednesday as the bank officially listed more than 2.16 billion shares on the Ho Chi Minh...

SCB to increase charter capital by VND15 trillion in 2020-2030

The shareholders of Saigon Commercial Joint Stock Bank (SCB) Monday approved the plan to raise charter capital by VND15 trillion (US$649 million).

SCIC to divest all capital at Traenco (TEC)

The State Capital Investment Corporation (SCIC) announced Tuesday that it was about to divest all stakes in Traenco Joint Stock Company (TEC).

Dragon Capital no longer a major shareholder in Military Bank (MBB)

A group of investment funds run by Dragon Capital announced Monday it has sold one million shares of Military Bank (MBB), reducing their ownership from 5 per cent...

VRG (GVR) earns big from leasing unused properties

The Viet Nam Rubber Group (VRG) has enjoyed the most income from leasing unused facilities and residential areas among all listed industrial zone developers.

Him Lam Land acquires 21.5 per cent of DIC Corp (DIG)

Him Lam Land Corporation has bought 67.7 million shares at Development Investment Construction JSC (DIC Corp) for a nearly 21.5 per cent stake.

Vietjet (VJC) to get $86.6 mln from sales, leaseback deals

Budget airline Vietjet is set to receive VND2 trillion ($86.6 million) via sale and leaseback deals on four or five aircraft this year, helping reduce its...

DATC auctions more than 4 million shares of MSB

 Viet Nam’s Debt and Asset Trading Corporation (DATC) has offered to sell a complete lot of more than 4 million shares of the Vietnam Maritime Commercial Joint...


MOST READ


Back To Top