Beijing Yanjing Beer Group Corp, the parent of Beijing Yanjing Brewery Co Ltd<000729>, recently announced that it will invest RMB 600 million in a new beer production base in Kunming, the capital of Yunnan Province, sources reported.The new base, which will cover a land area of 15 hectares, will start...
* Raises 2009 profit forecast to "mid double-digit" growth * Global recession still driving lower beer volumes * Cost cuts, strong pricing helping profitability AMSTERDAM, Oct 28 - Heineken NV sold less beer in the...
* Raises 2009 profit forecast to "mid double-digit" growth * Global recession still driving lower beer volumes * Cost cuts, strong pricing helping profitability AMSTERDAM, Oct 28 - Heineken NV, the world's third-largest brewer, hiked...
* Performance in line with group expectations, consensus * Strength in China offsets weakness in Europe LONDON, Oct 15 - Brewing giant SABMiller saw beer volumes dip slightly as forecast in the six months to...
* FEMSA sees government tax proposal hurting beer industry * FEMSA sees beer price hike of 11 pct if tax plan passes (Adds Borrego quote, background, details throughout, byline) MEXICO CITY, Sept 29 - Mexican...
Shandong Province's Qingdao is becoming China's great beer city
China this year is likely to be the world's largest beer producer for the eighth consecutive year, said Wang Yancai, director of the China Alcoholic Drinks Industry Association, at the annual Qingdao International Beer Festival in Qingdao, a famous celebration this year being held from Aug. 15 to Aug. 30.The...
HONG KONG, Aug 7 - Tsingtao Brewery <600600.SS> <0168.HK>, China's-best known beer brand, late on Thursday posted a 68 percent year-on-year rise in first-half profit and projected a recovery in beer consumption in China to...
Tsingtao Beer, China's second largest brewer, said yesterday it would buy Jinan Beer, a beer producer from Shandong province, for 250 million yuan. Analysts said the move was a way to fend off archrival ...
Tsingtao Brewery Co Ltd<600600><0168> plans to purchase Jinan Beer Group for RMB 250 million, sources reported, citing an insider close to the situation as saying. The source revealed that the acquisition may not include the land use rights or the workshop. The production of Jinan Beer will be transferred to the Tsingtao...