Asia Brewery Inc. is set to spend at least P600 million this year to upgrade its breweries including its brewery in El Salvador City, Misamis Oriental in order to produce Tiger beer and Heineken, two of the world’s popular beer brands.

In a report from Rappler.com, the investment is part of tycoon Lucio Tan’s conglomerate LT Group’s P10 billion expenditure this year and will focus in reconfiguration of the brewery’s production line to produce both Tiger and Heineken.

It can be recalled that last year, Asia Brewery and Dutch beer giant Heineken signed a deal forming a joint venture AB HEINEKEN Philippines, Inc. which will produce and distribute its beer brands like Tiger and Heineken. LINK

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