Lion's $15m investment in Canterbury great news

Press Release 26/05/2011

The Food and Grocery Council today congratulated Lion for its announcement that the company will invest a further $15 million in itsChristchurchfacility situated inChristchurch's central business district.

“It is no doubt a great boost forChristchurchto see majorNew Zealandcompanies like Lion reinvesting and doing their part to assist with the rebuilding of the city”, said Katherine Rich, CEO of the New Zealand Food and Grocery Council.

"Following the opening of the state-of-the-art brewing facility "The Pride" inAucklandlast year, this is yet another significant announcement by Lion maintaining its constant investment inNew Zealand's food and beverage industry.

Today's announcement will certainly be another important step forward in the food and beverage industry's recovery from the impact of theChristchurchearthquakes", Mrs Rich said.