China Economic ReviewAsahi Breweries is to spend US$42m on a new joint venture beer plant in Beijing that is due to start operations next spring. It will have an annual capacity of 100,000 kilolitres and produce beer in bottles, cans and barrels. The Japanese brewer currently operates five plants in China, with a combined output of 510,000 […]
Tsingtao Brewery, China's largest beer maker, reported net profits of Yn223m for 2002, 166 per cent higher than in the previous year. The company said the results were helped by improved sales volume, cost controls and operating efficiency. Sales rose by 21 per cent year-on-year, compared with a national average of 6-8 per cent, and […]
Nu Fung Hong, Hong Kong's biggest importer of food from mainland China, has signed an agreement with Shanghai East Asia Group to build a meat processing plant. Nu Fung Hong will provide 51 per cent of the Yn360m to be invested in the plant, the Shanghai Meat Processing Centre. When construction in the Jiading district […]
Three Chinese companies featured among the world's top 17 steelmakers by operating characteristics such as profitability and employee skills, according to analysis by World Steel Dynamics, a US consultancy. Baosteel was in second position according to verall operating performance, behind Posco of South Korea. Anshan Steel was in ninth position and Shaogang was in 12th. […]
Jiangxi Copper, China's second largest producer of copper, plans to increase output of its mainstay copper cathode product to 318,500-350,000 tonnes this year from last year's 231,613 tonnes, South China Morning Post said. Completion of the Guixi smelter phase-three renovation project, planned for this year, would increase total annual capacity to 400,000 tonnes. The move […]