Seizing opportunities
As China is shaping up to be the main strategic battleground for businesses in the 21st century, Carlsberg (helped by the Danish Industrialisation Fund for Developing Countries) has decided to acquire 50 percent of the Lanzhou Huanghe Brewery’s operations in the Gansu and Qinghai provinces in western China.
The deal involves three breweries in Gansu province and one as yet to be built brewery in the Qinghai province. Construction will start this summer.
Carlsberg and the Fund have paid a total of DKK115 million (USD19 million) for the four breweries, which equals USD17 per hl installed says Carlsberg. This year the breweries are to sell 1.6 million hl of beer..
Select offer and read on
6 print issues