--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service


Hot Links
China Development Gateway
Chinese Embassies

Largest Beer Brewery Merger Deal Signed in Sichuan
The Sichuan China Resources Lanjian Co., Ltd. was founded Sunday in this capital of Sichuan Province, southwest China, with the signing of the country's largest beer brewery merger deal.

The new brewery has a total assets worth two billion yuan (241 million U.S. dollars) and is capable of producing 1.5 million tons of beer a year.

The three-party deal was made by the Sichuan Lanjian Group, the China Resources Holding Co. and the SAB International Vintage Group.

The merger will pool the three companies' assets, brand vigor, market, technological development capacity, management and personnel strengths.

Lanjian Group has 38 percent of the new company's stakes, while China Resources and SAB take 31.62 percent and 30.38 percent respectively.

Industry insiders expect the merger to end the cut-throat competition among small beer producers in China.

(Xinhua News Agency 10/29/2001)

SAB Becomes No. 2 in China's Beer Market
Beer Companies Vie for Market Share
Summer Warms up Brewers
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688