Kirin Holdings: To Close 2 Plants In Japan By 2010
The factories, in the Ishikawa and Tochigi areas north of Tokyo, produce around 180,000kl in beverages annually.
As part of a sales structure review, Kirin may also form a separate sales company for Kirin Brewery and Kirin Merchandising.
At a press conference announcing its mid-term plan for 2010-2012, Kirin said it is targeting a group operating profit of Y188 billion and group sales excluding liquor tax of Y2.13 trillion by 2012.
It also said it hopes to achieve a return on equity of over 10% in 2012, up from the current 9.3%.
The factory closures coincides with merger talks Kirin is holding with domestic counterpart Suntory Holdings Ltd., the completion of which would create a formidable competitor to the world's leading brewer Anheuser-Busch InBev N.V.
Kirin and Suntory in September filed with Japan's Fair Trade Commission for a review of their merger plan. That same month, Suntory agreed to acquire privately held European beverage maker Orangina Schweppes Group in a deal valued at over Y300 billion, or about $3.3 billion.
-By Hiroyuki Kachi, Dow Jones Newswires; 813-6895-7562; Hiroyuki.Kachi@dowjones.com
(Tor Ching Li contributed to this article.)
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Publié le 26 octobre 2009 Copyright © 2009 Dowjones
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