BUSINESS

US market penetration brewing for local ale Alfa

DIMITRA MANIFAVA

TAGS: Business

Greek lager brand Alfa is preparing to take the US by storm, as the Athenian Brewery product will make its debut in American food service outlets in 2019, with an emphasis on regions with a strong Greek element.

Alfa exports to the huge but difficult US market will be conducted through the existing network of the Heineken group, Athenian Brewery’s parent company, while the Greek subsidiary is hoping to expand its exports further.

During a presentation of the company’s impact on the Greek economy on Wednesday, Athenian Brewery chairman and chief executive Alexandros Daniilidis said that exports account for 10 percent of its turnover, though some concern production for other Heineken group subsidiaries.

At the same time, the company’s investments over the next three years (2019-2021) will amount to 43 million euros per the approved plan. “We hope conditions will allow us to invest more,” Daniilidis argued, adding: “We are here to invest. We are here to generate value.”

Two million euros of that will go toward reducing the environmental footprint of the company’s plant in Patra, while the rest will be invested in the improvement of all plants’ operations.

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