CHINA: Tsingtao revenues leap in 2001
Tsingtao, China's largest brewer, reported yesterday that its revenues in 2001 leapt 40% to Yaun 5.3 billion (US$640m). The figure was a record for the company, which sold more than 2.51m metric tons of beer in the year. Sales were up 34% compared to the same period a year before. And, in a statement, Tsingtao said it plans to increase its production capacity to 3m tons of beer in 2002.
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