The Department of Planning and Investment has just sent a document reporting to the Provincial People's Committee on the results of the appraisal of the adjustment of the investment policy of the TTC International Brewery Project (Camel Brewery) of TTC International Brewery Joint Stock Company.
Accordingly, TTC International Beer Joint Stock Company proposed to adjust the scale of the factory project from 50 million liters/year to 150 million liters/year (including 100 million liters of beer and 50 million liters of soft drinks and mineral water); adjust the total investment capital from 668 billion VND to 998 billion VND; regarding progress, TTC International Beer Joint Stock Company proposed to add phase 2 expansion (phase 1 has been implemented) with the expectation that the entire project will be completed and put into operation in the second quarter of 2025.
Panorama of Camel Beer Factory at Cam Tuyen Industrial Park, Cam Tuyen Commune, Cam Lo District - Photo: LT
The reason given by the investor is that recently, the company's beer products have been well received in the market, especially in Russia, Mongolia, Cuba, Qatar, Malaysia... and have been in demand for export orders.
Therefore, the company decided to increase factory capacity, add investment capital to build and expand factories and machinery to diversify products, increase market share, and meet the needs of domestic and foreign customers.
According to the appraisal report, the investor's proposal to adjust the project to invest in new and upgrade machinery and equipment to improve productivity and product quality to meet market demand is consistent with the policies and orientations for industrial and socio-economic development of the Government and locality.
The adjusted content has been appraised and agreed upon by relevant departments, sectors and localities, ensuring compliance with regulations. On that basis, the Department of Planning and Investment proposes that the Provincial People's Committee consider and approve the above adjustment to create conditions for TTC International Beer Joint Stock Company to continue implementing the Camel Brewery project.
Camel Beer Factory is located in Cam Tuyen Industrial Park, Cam Tuyen Commune, Cam Lo District. The factory will officially come into operation in August 2022.
Camel Beer products in general and Camel Beer - Quang Tri in particular are highly appreciated by consumers for their quality and design, especially international customers. Currently, Camel Beer products have been exported to more than 20 countries around the world .
Le Truong
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