Logo of Phnom Penh Post newspaper Phnom Penh Post - Tiger producers to build $50m brewery



Tiger producers to build $50m brewery

Tiger producers to build $50m brewery

A SIA Pacific Breweries (APB), the Singaporean producer of Tiger Beer, is to invest $50 million building a brewery on a greenfield site in Takhmao, Kandal province.

A contract for the plant - named The Cambodia Brewery Limited - will be signed with the Cambodian Investment Board on Oct 26, said Brett Sciaroni, attorney for Progress Import Export Company (PIE), the Cambodian distributor of Tiger Beer. "This is the first major investment since the Royal Government's new investment law," he said.

APB, a joint venture between Fraser and Neave of Singapore, a soft drinks company, and Heineken of the Netherlands, will own 80 percent of the Cambodia Brewery Company. Cambodian company PIE will own 20 percent, enabling APB to have a lease on the site for the plant.

The $50 million investment will be made in two phases. Brewing capacity in the first phase is estimated to be 170,000 hectoliters. APB anticipates reaching a capacity of 500,000 hectoliters.

Construction of the first phase will take 18 months and is to begin in the next few weeks.. Once operational the plant will create employment for 159 local staff and full operation will employ 178, Sciaroni said. Indirectly, APB claims, it will create employment for about 1,000 people.

Cambodia is APB's largest export market for Tiger Beer and ABC stout. According to a report in Singapore's Business Times the stout has cornered 83 percent of the Cambodian market while Tiger beer has 80 percent of the lager market.

The brewery will be APB's second in Indochina - they have already built one in Ho Chi Minh City. They believe the country's economic growth will be rapid and that a growing market for beer will make brewing locally will be more profitable than importing it from Singapore.

Chief Executive Officer of APB Mr Koh Poh Tiong said, "The Cambodian authorities have shown great interest in working with us in every way.

"I am most grateful for their support and the expediency in which they have processed our investment proposal."

MOST VIEWED

  • Phnom Penh placed in two-week lockdown

    The government has decided to place Phnom Penh in lockdown for two weeks, effective April 14 midnight through April 28, as Cambodia continues to grapple with the ongoing community outbreak of Covid-19, which has seen no sign of subsiding. According to a directive signed by Prime Minister

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Hun Sen: Stay where you are, or else

    Prime Minister Hun Sen warned that the two-week lockdown of Phnom Penh and adjacent Kandal provincial town Takmao could be extended if people are not cooperative by staying home. “Now let me make this clear: stay in your home, village, and district and remain where

  • Businesses in capital told to get travel permit amid lockdown through One Window Service

    The Phnom Penh Municipal Administration has issued guidelines on how to get travel permission for priority groups during the lockdown of Phnom Penh, directing private institutions to apply through the municipality's One Window Service and limit their staff to a mere two per cent. In

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Ministry names types of business permitted amid lockdown

    The Ministry of Labour and Vocational Training singled out 11 types of business that are permitted to operate during the lockdown of Phnom Penh and Takmao town, which run through April 28. Those include (1) food-processing enterprises and slaughterhouses; (2) providers of public services such as firefighting, utility and