China Economic ReviewEthan Allen Interiors, the largest US furniture retailer, opened its first Chinese store in January. The showroom in Tianjin was built under an agreement with Markor Furniture International to develop a chain of Ethan Allen stores in China. It will be followed by showrooms in Beijing and Urumqi, Xinjiang autonomous region. Markor, which manufactures furniture […]
China's leading cigarette company, Hill of the Red Pagoda (HRP), said it had reached agreement to make one of its brands in Germany. The Yunnan-based firm, with a domestic market share of about 7 per cent, said growing foreign competition had precipitated the move. "It is better to co-operate with the foreign companies than be […]
Yakult Honsha plans to start full-scale production and sales of its lactobacillus drinks in China, reported Nikkei, adding that the Chinese market was the cornerstone of its overseas strategy. The Japanese company said it would build five new factories on the mainland over the next five years and would quadruple output at its existing plant […]
Belgian brewer Interbrew announced that it was acquiring 70 per cent of the Zhejiang based KK Brewery for US$42m. KK holds 80 per cent of the market in the city of Ningbo. This move consolidates Interbrew's position in the Yangtze delta region, following the company's purchase of an 80 per cent interest in Nanjing Brewery […]
Schattdecor of Germany has opened a wholly owned production facility in Shanghai,China Daily said. The new plant, which is located in the Kangqiao Industrial Zone, is expected to produce 2,500 tons a year of materials to be used in decorating the surfaces of kitchens, furniture and flooring. The plant's output will be used primarily to […]