Anheuser-Busch to build 63 mln usd brewery in southern China |
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Published
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Tue, 03 Apr 2007 11:24
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BEIJING (XFN-ASIA) - Anheuser-Busch said it will build a 63 mln usd brewery in south China's Guangdong province as part of its strategy to promote Budweiser and Harbin beer in China.In a statement, Anheuser-Busch said the facility in Foshan, which is scheduled for completion in 2008, will have production capacity of 2.6 mln hectoliters, with potential for expansion.The statement said the US brewer plans to double Budweiser's distribution in China over the next five years by expanding into 100 new cities with populations of at least one mln people. It said it will also introduce Harbin beer to 33 new markets this year.Anheuser-Busch acquired Harbin in 2004 and it has a 27 pct stake in Tsingtao.China's beer market grew nearly 15 pct in 2006, the third consecutive year of double-digit growth, the statement noted.will.davies@afxasia.com
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