JAPAN: Kirin seeks new China partner after sale
Kirin Brewery is looking for a new business partner in China. The move follows the brewer's planned disposal of a poorly performing brewery in Shanghai.
In an interview with Jiji Press today (29 September), Kirin's president, Koichiro Aramaki, said that the company hopes to seek a new partner in the country as soon as possible, as it will lose its production base in the Shanghai area in the wake of the sale.
Kirin decided to sell the Shanghai base, run by Australian affiliate Lion Nathan, as there were no prospects for securing profitability amid weak sales of premium-brand beer products compared with the popularity of cheap local brands, Aramaki told the paper.
Despite the tough conditions in China, Aramaki said he believes that the company will be able to produce profits by beefing up operational efficiency.
After some less than successful diversification in recent years, Lion Nathan is focusing its attentions back on beer and winning the approval of analysts in the process. The company looks set to gain ...
Integrating spirits, wine and beer has proved problematic for major drinks groups over the years but expansionary moves by the two major Australian brewers, Foster's Group and Lion Nathan, suggest tha...
Lion Nathan has appointed a new non-executive director....
Coopers Brewery is fighting the takeover attempt from fellow Australian brewer Lion Nathan....
Lion Nathan today announced that it intends to make an off-market offer for Coopers Brewery Ltd (Coopers). The offer of A$260 per share in cash values Coopers at A$352m....
Lion Nathan has received further assurances that it is not about to be taken over....
Lion Nathan has played down speculation that it may be the subject of a takeover....
Lion Nathan has said it is on target to reach its full-year net profit after tax forecast for 2005 of between A$230m and A$235m before one-off charges....
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