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Cisk inaugurates €24.5 million investment project
By MaltaMedia News
Feb 20, 2008 - 7:33:48 PM
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A €24.5 million investment in two capital projects was inaugurated by the President of Malta Dr Edward Fenech Adami in the presence of Farsons Chairman Mr Bryan A Gera and Farsons Group Chief Executive Mr Louis A Farrugia at Farsons Brewery in Mriehel, this evening.
Now, Simonds Farsons Cisk plc has both a fully operational brand new Packaging Centre for Soft-drinks and a state-of-the-art Logistics Centre. These important milestones in the Company’s history were planned to coincide with the 80th Anniversary of the foundation of Farsons.
Farsons Chairman, Bryan A Gera, said: “The history of our Company is a constant demonstration of the commitment, which its stewards, over the years, have shown to always be at the forefront of industry in Malta since 1950.”
“The completion of the state of the art Logistics Centre and new Soft Drinks Packaging Centre, not only gives us the confidence that we would remain a market leader in the domestic market but also encourages us to further exploit the potential which our own branded products have on the export markets,” said Mr Gera.
Significantly, we are also on the move in internationalising our brands beyond our core market. So it’s very encouraging that all our stakeholders - management, employees, unions, shareholders, consumers and Government - have understood the significance of these projects in strengthening the Company’s position.
The last phase of the Brewery Master Plan is the building of a new Brewhouse, scheduled to start in mid-2009 and be in operation by the end of the first quarter of 2011. On completion, the main Brewery building will be freed up and Farsons are planning to make good use of it as a possible Business Park for the financial service industry.
© Copyright 2008 by MaltaMedia.com
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Latest update:
Feb 22, 2008 - 9:06:31 AM CET
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