Brewer to invest $7.7 million in Samoa facility despite bad times

2011-10-11T00:00:00Z

<p style="text-align: justify;">Though Samoa Breweries, makers of the iconic Vailima beer, recorded a steep 85.7 per cent decrease in after-tax profit performance this year, its principal Foster’s Group Pacific has announced it will invest $7.7 million in upgrading infrastructure and human resources.<!--more--></p>
<p style="text-align: justify;">Chairman Stephen Matthews said, “in the last 24 months, the board made a strategic decision to implement a two to three-year $7.7million asset upgrade maintenance programme to upgrade production infrastructure, which have included people assets as the foundation to set the business up for growth opportunities.”</p>
<p style="text-align: justify;">Reasons for the severe decline in profits, according to the management, included production downtime, loss of raw materials, quality, safety and the lack of people capability. Recruitment of key personnel both locally and overseas is reportedly in progress.</p>
<p style="text-align: justify;">About 12 per cent of the brewery’s production is exported to New Zealand, the Cook Islands and American Samoa, with the bulk of the production consumed within the country.</p>
<p style="text-align: justify;"></p>