China’s leading beer brewer China Resources Snow Breweries will invest RMB650 million to set up a production base in Shanghai.
Covering a total area of 190,000 square meters within the Shanghai Baoshan Industrial Zone, the manufacturing base will have an annual production capacity of 400 million liters on its completion. This will probably make it the largest brewery in Shanghai.
China Resources Snow Breweries is jointly owned by the Hong Kong-listed China Resources Enterprise and the world’s leading beer brewer SABMiller. It has more than 60 breweries across China. In 2007, the company sold over 690 million liters of beer in China, accounting for 17% of the total beer consumption.
Source: China Sourcing News