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THAILAND: Tsingtao Brewery Co prepares overseas foray - report

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Tsingtao Brewery Co has reportedly signed a deal to take a stake in a new brewery in Thailand, potentially marking its first capital investment beyond China.

Tsingtao has signed a deal with Namyong Group to build the THB5bn (US$100m) brewery in Thailand's Samut Sakhon province, the Bangkok Post reported today (18 October). Work on the brewery is expected to be completed in 2013 and Tsingtao will hold a 45% stake in the plant, the paper reported.

If the brewery is built, it would mark Tsingtao's first production facility outside of its native China. However, previous reports of Tsingtao expanding its production base beyond China have come to nothing.

Tsingtao is 20%-owned by Japan's Asahi Group. For the first half of 2011, Tsingtao reported beer sales up by 20.6% in volume and 21.4% in value.


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