[Diageo] Major Upgrade In Ethiopia

Diageo has opened a new US$ 119M bottling line at its Meta Abo brewery in Ethiopia. Company CEO Ivan Menezes cut the ribbon in a commissioning ceremony in Sebeta. The upgrade completes an overall US$ 344M investment in the brewery that has tripled annual capacity since its acquisition three years ago, to 1.7m/hectolitres. "Ethiopia is a country of enormous opportunity," Menezes said. "We will continue to invest in the long-term growth of our brands, the Meta business, our people and the communities in which we operate."