THAILAND: ThaiBev plans new spirits factory in China - report
ThaiBev is planning to build a second white spirits factory in China, to open by 2014, according to local reports.
The new facility, costing between THB500m and THB1bn, will be built built next to its existing facilities in Yunnan province, according to the Bangkok Post. The new factory is currently being designed and the company is expected to start work by the end of the year, finance director for international business Tee Seeumpornroj said.
It is understood total capacity for Yulinquan white spirits will double from the current level, once the facility is completed.
The company plans to spend about THB600-700m promoting its beverages in the international markets this year, according to the report.
Earlier this week, ThaivBev reported an impressive leap in profits in Q1, up 46.4% to THB4.3bn (US$173.5m).
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