Carlsberg, the world’s sixth-largest brewer, is reportedly poised to sell control of an unprofitable Shanghai brewery to Tsingtao Brewery Company, China’s largest beermaker, according to Chinese press reports.Tsingtao disclosed its plans in June to acquire at least two foreign breweries in China’s major cities to boost production capacity and to double its share of the world’s second-largest beer market to 10%. Carlsberg is negotiating the sale of as much as 75% of its brewery in Songjiang, a Shanghai suburb, sources told a Chinese paper. The Songjiang brewery commenced operation in October 1998 with an investment of $36.4m. Carlsberg owns 95% of the plant. The remaining 5% is owned by the Songjiang city government.Chris Brook-Carter

Subscribe to Just Drinks

Join over 80,000 beverage industry professionals by unlocking full access for just $1 (plus VAT if applicable)


Already a Member? LOGIN HERE


Just Drinks membership gives you:

  • Unlimited access to Just Drinks content including in-depth analysis, exclusive blogs, industry executive interviews and management briefings
  • Unbeatable market coverage from wine and beer, to soft drinks
  • Unrivalled apparel industry comment from Olly Wehring, Andy Morton and leading industry analysts
Want multi-user access? Explore our multi-user & corporate memberships

70% of the beverage companies in the Forbes Global 2000 use Just Drinks

FIND OUT MORE