Carlsberg Asia acquires brewery in China
Also in January, Carlsberg Asia reported it has acquired through its subsidiary Carlsberg Brewery Hong Kong Ltd. the entire share capital of the Chinese brewery Kunming Huashi Brewery Company Ltd. from the Zhejiang K.K. Group. According to Carlsberg, the acquisition is subject to the approval of Chinese authorities. The brewery is situated in Kunming, the biggest city of the Yunnan province in the south western part of China, bordering Vietnam, Laos and Myanmar.
The Kunming brewery has about 600 employees and a capacity of 600,000 hl beer. Carlsberg believes that there are significant growth possibilities in a province with a population of 43 million with an annual per capita consumption of beer of only 4.2 litres. The average per capita consumption in China is 18 litres..
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