Latin America: Beer volumes of Quinsa increased by 8% in H1 2005
Quilmes Industrial (Quinsa) S.A. announced on July 14 its overall beer volumes for the second quarter 2005 increased by 9.4% to 3.02 million hl year-on-year. During the first half of the year to June 2005 Quinsa sold 7.78 million hl of beer: in Argentina 5.30 million hl (+5.9% versus H1 2004); in Bolivia 1.01 million hl (+8.7%); in Chile 219,000 hl (+25%); Paraguay 988,000 hl (+13.9%) and 295,000 hl in Uruguay (+17.7%).
Quinsa is a Luxembourg-based holding company that controls 87.6 percent of Quilmes International (Bermuda) ("QIB"). The remaining 12.4 percent stake is held by Beverage Associates (BAC) Corp. ("BAC") and by Companhia de Bebidas das Americas - AmBev ("AmBev").
Quinsa, through QIB, controls beverage and malting businesses in five Latin American countries. Its beer brands are strong market leaders in Argentina, Bolivia, Paraguay and Uruguay, and have a presence in Chile. Further, pursuant to the Company's strategic alliance with AmBev, it has entered into license and distribution agreements to produce and sell the AmBev brands in Argentina, Bolivia, Paraguay and Uruguay. Similarly, under the agreements, AmBev may produce and distribute Quinsa's brands in Brazil.
The Company also has bottling and franchise agreements with PepsiCo, and thus accounts for 100% of PepsiCo beverage sales in Uruguay and more than 80% of PepsiCo beverage sales in Argentina.
Quinsa's Class A and Class B shares are listed on the Luxembourg Stock Exchange. Quinsa's American Depository Shares, representing the Company's Class B shares, are listed on the New York Stock Exchange.
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