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THE INVESTOR
September 21, 2018
Big Reunion

Industrials

Hite Jinro ditches plan to sell beer plant

  • PUBLISHED :March 07, 2018 - 10:21
  • UPDATED :March 07, 2018 - 10:21
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[THE INVESTOR] Hite Jinro, Korea’s second-largest beer maker by sales, said on March 7 it has decided not to sell one of its beer factories to boost production efficiency.

The brewery said it will transform some of its beer production line to make soju, a Korean distilled beverage made from grain, at its beer factory in Masan, an industrial city located some 400 kilometers southeast of Seoul.

“We made the decision to meet growing demand for soju and to resolve the local community’s concerns about possible job cuts,” company spokeswoman Nho Eun-jung said.

The beer factory in Masan employs about 200 people, according to the company

Hite Jinro sells 150 million bottles of soju per month, making it the largest soju maker in Korea.

The company has three soju plants and three separate beer factories in Korea.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)
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