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Wednesday, December 20, 2006

Flour Mills of Fiji to construct a F$15 million brewery

Flour Mills of Fiji, a company listed on the South Pacific Stock Exchange, will be constructing a F$15 million brewery next year. The brewery will employ 200 workers in a four-storey building. Processing machines are to be imported from China with the brewer contracted from overseas.

The company is hoping that the Interim Government will approve their proposal for tax benefits, duty free import of machines and accelerated depreciation for the F$15 million investment.

The company will make three kinds of beer for import to Australia, New Zealand and other Pacific Island countries.

This planned move by the company should bode well for investors in the company.

Note from GV : For investment advice, pls contact our company, Gilbert & Samuels Company Limited, on e-mail gilbert@connect.com.fj or telephone +679 3396427. Our principal, Gilbert Veisamasama Jr is an investment advisor licensed by the Capital Markets Development Authority of Fiji - Fiji's capital markets regulator.

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