China’s Shipping Equipment Manufacturer, CIMC ENRIC, Continues its Push into the Beverage Industry

China’s specialist equipment maker CIMC ENRIC Holding Ltd will continue mergers and acquisitions in developed countries as part of its expansion into markets along the Belt and Road Initiative. The energy, chemical and liquid food equipment company is a major subsidiary of China International Marine Containers (Group) Ltd, the country’s largest transportation equipment producer by

Carlsberg China Expected to Shutter Some of its Chongqing Beer Breweries

A weaker-than-expected performance in China and Russia is forcing Carlsberg A/S, the world fourth-largest brewer, to axe 2,000 staff worldwide by 2018, around 15 percent of its workforce. According to Chief Executive Officer Cees’t Hart, cost-saving measures will affect its Chinese operations, including the closure of some factories. As part of its “business right-sizing” efforts,

Tsingtao Brewery Eyes China’s Northern Markets with its Expansion into Hebei Province

Tsingtao Brewery acquired a local beer producer in North China’s Hebei province, and launched a joint venture with another in Shijiazhuang [e.g. Jiahe Brewery], wrapping up a storm of expansion in 2013. In a press release, Tsingtao said it would acquire Xinzhonglou, a 64-year-old brewery in Zhangjiakou on Dec 29…Full Article: China Daily Jan 2014

Anheuser-Busch InBev to Acquire Jiangxi Province-based Brewery

An insider at Anheuser-Busch InBev (Nanchang) Co. said that Anheuser-Busch InBev has signed an acquisition agreement with Nanchang Asian Brewery (Nanchang Brewery). The general secretary of the Nanchang Wine Industry Association described Nanchang Brewery as focusing on the medium-end and low-end market, with their main brands Xuejin and Nanchang beer. If Anheuser-Busch can acquire the