$16.7m capital investment program
1 May, 2018, 6:00 am
PARADISE Beverages (Fiji) Ltd will be engaging in several key projects this year as part of its $16.7m capital investment program.
This was highlighted by the public listed company’s chairman George Forster in its 2017 annual released on the stock market yesterday.
Key projects for the Fiji’s leading manufacturer of alcoholic beverages this year include a network infrastructure and systems upgrade.
The company will also make significant upgrades to its Rum Co of Fiji Distillery in Lautoka including installing a new packaging line and building a waste water treatment plant, as part of its environmental commitments.
“This investment in water stewardship forms part of the company’s environmental commitment to work responsibly in all we do, and make the right choices for today and tomorrow,” Mr Forster stated.
“Our commitment is focused where we have the most opportunity to make a difference which as well as water stewardship, also includes energy management and climate protection, and sustainable packaging.”
The company’s investment in capital programs is aimed at supporting its intention to be a world-class brewer and distiller.
Last year, Paradise Beverages invested about $11m in its capital investment plan which saw an upgrade to its packaging line at its Fiji Brewery in Suva.
These investments included a new bottle labeller, cluster packer and case packer, all of which are required to enable the company to enter international markets.
As part of its commitment to product quality, the company also installed a new can filler, replacing the existing 40-year-old machine.
The main focus of the company in 2018 onwards is on its growth platform of increasing premium share and mix, building the company’s international business and diversification.