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Chile Beverage Company CCU 2Q Volume Sales Grew 2.5% On Year

Chilean beverage company Compania Cervecerias Unidas SA's (CCU.SN) second-quarter volume sales increased 2.5% on the year, the company said Monday.

Although the figures are preliminary and CCU only provided percentage change figures, volume sales likely grew to 3.65 million hectoliters, as the company previously reported volume sales of 3.56 million hectoliters for the second quarter 2010.

In Chile, volume sales grew 0.4% on the year in the second quarter, while in neighboring Argentina, volume sales rose 9.5% in the quarter.

CCU makes and bottles beer, soft drinks, mineral water and fruit juices. It also distills pisco-grape brandy and rum.

The company is planning to make investments of $914 million in the 2011-2014 period.

Late last year, CCU acquired a cider business in Argentina.

The company has beverage licenses for products from Heineken NV (HINKY, HEIA.AE), Anheuser-Busch InBev NV (BUD, ABI.BT), PepsiCo Inc. (PEP), Paulaner Brauerei, Schweppes, Guinness and Nestle SA (NSRGY, NESN.VX).

12 Jul. 2011

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