CHINA: Guangdong to up production with new site
Guangdong Brewery Holdings is looking to up production with the construction of a new plant. The company announced earlier this week that it has signed a letter of intent to build a RMB375m (US$45.3m) brewery to increase production by 200,000 metric tons a year.
Guangdong said it intends to finance construction with its own cash, bank borrowings, or debt or equity fund raising.
In a statement, the company said: "The investment in the brewery is a good opportunity for the group to further increase its production capacity, add to its supply chain and network of strategically located breweries and represents another major step to penetrate into the Guangdong beer market, in particular the Pearl River Delta region."
Construction is scheduled to begin early next year, with the plant entering production in 2006. The brewery will make the company's Kingway beer brand.
Sectors: Beer & cider
- A Wild Geese, Pernod Ricard conspiracy theory?
- Coca-Cola Beverages Africa - A new powerhouse
- Can craft breweries compete in lager arena?
- Remy Cointreau's Q1 performance by brand, region
- SABMiller's Q1 2017 results - Preview
- Diageo starts formal talks over UK pension cuts
- New Hendrick's Gin would have to be "unusual"
- AB InBev faces US$7bn price rise for SABMiller
- Diageo silent on United Spirits job losses
- Brown-Forman takes distribution in Spain in-house
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Global RTD insights - market forecasts, product innovation and consumer trends
- Global travel retail insights - market forecasts, product innovation and consumer trends
- Global non-Scotch whiskies insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends