CHINA: Brewing giants on look out to buy

By Sarah Diston | 26 June 2001

In a country with over 500 beer producers, acquisitions appear to be high on the agenda for the giants of China's domestic beer market. According to local press reports, Peng Zuoyi, president of the Bejjing-based beer giant Tsingtao, said his company will expand beer sales over the next six months through frequent acquisitions, targeting the capital cities of every province.

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In a country with over 500 beer producers, acquisitions appear to be high on the agenda for the giants of China's domestic beer market. According to local press reports, Peng Zuoyi, president of the Bejjing-based beer giant Tsingtao, said his company will expand beer sales over the next six months through frequent acquisitions, targeting the capital cities of every province.

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