In 2015, the brewery business in China experienced its lowest decline in five years despite the fact that local brands are still dominating in the market, industry experts have revealed. (more…)
Asahi Group Holdings Ltd., the Japanese brewer of Super Dry, forecast 2016 profit that trails analyst estimates as a slowing economy weighs on domestic sales. (more…)
After years of steady growth, China’s beer market is losing its fizz as the economy slows and consumers turn to other types of alcohol. To stay afloat, the country’s brewers are looking to reduce overcapacity and otherwise downsize their operations. (more…)
If imitation is a sure sign of popularity, David Cameron must wish he was Xi Jinping. When cameras filmed the Chinese leader enjoying a pint of Greene King IPA beer with the British prime minister during his state visit to the UK in October, consumers back home rushed out to do the same. (more…)
Competition is heating up between China’s top two breweries. And with the country coming off its first-ever year of declining beer sales, the battle to win more customers has an air of urgency to it. (more…)
China-based Tsingtao Brewery plans to open new breweries in neighboring countries in Southeast Asia. (more…)
* H1 net profit rises 22 pct, vs 30 pct in H1 2010
* Price of barley has risen more than a third this year (more…)
Tsingtao Brewery (600600, 0168.HK) failed in its bid to take over Hangzhou Xihu Beer Asahi, as China Resources Breweries yesterday completed the acquisition of the Hangzhou-based brewer, paying 270 million yuan to acquire the remaining 55 percent stake it does not own, reports China Business News. (more…)
China’s Tsingtao Brewery posted a 40 percent increase in first quarter net profit on higher sales, as its distributors stocked up ahead of increases in the prices of it beer products. (more…)
Tsingtao Brewery, China’s largest beer brewer, said on Thursday it is planning to build more factories overseas. (more…)
