EABL to invest Sh. 570M in Glass Co.

East African Breweries has invested 570-million shillings in the refurbishment and expansion of its subsidiary company Central Glass industries.

The investment is geared at increasing the annual production of the bottling Company from 100-million bottles to 130-million.

Central Glass Industries Managing Director James Karegi said the expansion will enable the company to meet the growing demand of its products.

The exercise, which will include the installation of a Glass forming equipment, is expected to take two and a half months to complete.

The company’s Operations manager Shadrack Karemu said the refurbishment will cut down energy costs and improve utilization by 20%.

Central Glass currently exports 50% of its products to Countries in East Africa, the Great Lakes Region and the Indian Ocean Islands.

The company is also enjoying good business in Cote D’Ivoire and Angola.

600450 EABL to invest Sh. 570M in Glass Co. glassonweb.com
Date: 29 August 2005
Source: Kbc.co.ke

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