JAPAN: Sapporo sells brewery site
Sapporo said in September last year that it would integrate its production into six breweries from the current eight to reduce production costs. It is part of the brewery's restructuring efforts to streamline and reorganize its operations.
The sale will not affect the company's earnings for 2003 as it has been factored into its earnings outlook. The site, in Saitama Prefecture near Tokyo, will be bought by Ito-Yokado Co., Tobu Railway Co., and Recruit Cosmos Co.
Sapporo Breweries has said it aims to almost triple operating profit within three years....
Falling sales of traditional beers and increased competition in the "third beer" category have seen Sapporo Holdings report a 22% fall in 2005 net profits....
Sapporo Holdings has lowered its full-year profit forecast....
Sapporo Breweries has reportedly become the first major Japanese beer maker to warn of flat domestic beer sales this year....
Sapporo Breweries is poised to buy Kikkoman Corp.'s spirits sales and production operations....
Sapporo Breweries has said that sales its of so-called "third category" beer would fall by 30% if the government goes ahead with plans to raise the tax rate on the product....
Sapporo Holdings has registered a massive drop in operating profit for the first nine months of this year....
Sapporo Breweries has raised its sales targets for its low-alcoholic fruit drink brand "Fruit Sparkling"....
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