National Breweries

National Breweries
legal form	Corporation
ISIN	ZM0000000086
founding	1963
Seat	Kitwe , Zambia
Number of employees	650
sales	$ 38.6 million
Branch	Food industry

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National Breweries is a public company based in Zambia . The company's purpose is the brewing and distribution of beer. National Breweries should not be confused with the company of the same name in Zimbabwe , whose beer is called Zambesi Premium Export Lager .

history

In 1963 Northern Breweries Ltd was founded as a private company in Ndola and operated by South African Breweries (SAB) to meet the needs of beer in the Copperbelt . With independence, the name changed to Zambian Breweries . They were nationalized in 1973 under Kenneth Kaunda . SAB kept a minority share in the brewery, which now also operated a brewery in Lusaka. Before privatization in 1994, the production of both breweries was one million hectoliters per year. In 1994 SAB decided to acquire the brewery in Lusaka. For this, SAB paid $ 21 million and invested $ 24 million. Since 1997, 30 percent of the brewery's shares have been traded on the Lusaka Stock Exchange and in 2004 they posted a price gain of 577 percent. In October 2017, AB-InBev announced that it was selling the National Breweries to the Zimbabwean beverage company Delta Corporation.

Companies

The company is based in Kitwe , Mulilakwenda Road, in the heavy industry area . As of March 31, 2006, i.e. at the end of the reporting year, it reports sales of 154.414 billion Kwacha, a tax burden of 60.589 billion and a profit of 23.192 billion. One US dollar is equivalent to around 4,000 Zambian kwacha in November 2006. National Breweries is one of the largest taxpayers in Zambia.

In 2002, SAB acquired the rights to manufacture and distribute Coca-Cola in Zambia, for which it set up two manufacturing facilities with an investment of US $ 21.5 million, one in Lusaka and one in the Copperbelt. With a total investment of approximately $ 100 million by the end of 2005, National Breweries is the largest non-mining investor in Zambia. This information remains unclear as Zambian Breweries also sells soft drinks, also has SAB as the majority shareholder and this could well be a second license, this time for National Breweries.

Zambia is seen as a future market for breweries. The per capita consumption in 2006 is six liters per capita and year, in the Republic of South Africa 60 liters. Beer is also to be brewed more on the basis of local products such as millet.

Specialty

In 1998 Zambian Breweries made a 100 percent takeover offer for what was then Northern Breweries, now National Breweries. The Zambian Competition Commission only tentatively approved the merger. In 2006, both breweries were listed on the Lusaka Stock Exchange . Two balance sheets are published. But both breweries are often confused with one another in financial reporting and in the “insider” financial services, which makes it difficult to identify information. The reason for this is likely to lie in the same major shareholder.

Web links

• Balance of National Breweries 2005/2006 (English)

Individual evidence

1. ^ Zimbabwe's Delta Corp. to buy National Breweries , at www.lusakatimes.com , accessed October 15, 2017