Brand equity for both Tiger and Heineken® has grown significantly in emerging and established markets across Asia Pacific 2004 when we started to produce locally. Capacity was increased in 2011, with the completion of a new one million hectolitre brewery in Guangzhou, China. We have enjoyed steady growth and, with a clear focus on the international premium segment business, we expect even stronger growth in the years to come," says Theo. Investment "In Asia Pacific, the business model is different from other parts of the world. We mainly operate with joint ventures," Theo explains. "This isn't something new for us. Asia Pacific Breweries (APB), our joint venture company with leading Southeast Asia conglomerate Fraser and Neave, was set up in 1931. "In India, we entered into a joint venture with United Breweries Ltd (UBL) through the acquisition of Scottish Newcastle. UBL is the clear market leader, with more than 50% market share in India. Last year saw UBL launch locally-produced Heineken® in the Indian market. "These partnerships work very effectively, offering us first-mover advantage and a route to market which would have taken us much longer to establish independently," continues Theo. "We have a number of extremely strong brands. Over the years, through APB, we have invested heavily to build capacity in the emerging markets. In India, we are also investing through UBL and recently introduced the Heineken® brand. The growing demand in these areas will require capacity expansions in the coming years," he says. Sustainable Growth Local partners and authorities also share HEINEKEN's vision when it comes to sustainable development, responsible consumption and self-regulation. They are keen to learn from the expertise HEINEKEN has developed in these areas over the last decade. "At the end of 2011, a group of Vietnamese officials visited our operation in Spain to learn about self-regulation, and how the government, SHH®SS> Quarter 1 2012 World of HEINEKEN 25

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World of Heineken | 2012 | | pagina 25