|
|
|
|
|||||||
| |
|||||||
|
|
||||||
On 2 May 2006, APB made its second investment in South Asia by expanding its brewery network to include India. APB wholly owns Asia Pacific Breweries (Aurangabad) Limited (APB (Aurangabad)) which owns a brewery in Maharashtra. APB (Aurangabad) produces and markets Tiger, Baron's and Cannon-10000. Extending its footprint to Andhra Pradesh, APB on 30 June 2006, entered yet another joint venture partnership to set up Asia Pacific Breweries-Pearl Private Limited. APB holds the majority stake of 67% in the joint venture company which is building a greenfield brewery just outside Hyderabad. The brewery is expected to commence operation in 2008. |