日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

chinadaily.com.cn
left corner left corner
China Daily Website

Tsingtao, Suntory brew JVs to expand

Updated: 2012-06-07 10:41
By Tang Zhihao in Shanghai ( China Daily)

Tsingtao, Suntory brew JVs to expand

A production line at Tsingtao Brewery Co Ltd's plant, in Qingdao, Shandong province. The company has teamed up with Japan's Suntory Holdings Ltd to explore business in China. [Photo/Agencies]

Tsingtao Brewery Co Ltd, the second-largest brewery measured by production volume in China, has teamed up with the Japan-based beverage company Suntory Holdings Ltd to explore business opportunities in Shanghai and neighboring Jiangsu province.

According to a statement issued by Tsingtao to the Shanghai Stock Exchange, the company signed agreements with Suntory China on Tuesday to form two joint ventures to manufacture and distribute beer in Shanghai and Jiangsu.

Tsingtao and Suntory will have 50-50 percent interests in the joint ventures.

Tsingtao said the manufacturing unit will take care of matters including production, research and development and advertising. Tsingtao Songjiang, a wholly-owned subsidiary of Tsingtao, will be a platform company through which both companies will consolidate their assets into the joint venture.

Each company will invest 10 million yuan ($1.57 million) in the distribution unit, which will be responsible for shipping and storage, promotion and marketing. Tsingtao said the move will allow both companies to achieve synergies in the use of resources and become stronger competitors in Shanghai and Jiangsu.

Wu Jianhua, secretary-general of the Shanghai Drinks Association, said the deal is mutually beneficial to the companies.

"Suntory has a strong market presence in Shanghai and Jiangsu province. The move will allow Suntory to enjoy the benefit of Tsingtao's professional market operations," said Wu. "Tsingtao will take advantage of Suntory's wide distribution channel."

Tsingtao and Suntory each hold about a third of the market for their products in the Shanghai-Jiangsu area.

"The production capacity of the joint venture will account for more than 30 percent of the total production volume in East China, and it will allow the companies to have better control of the market," said Tong Xun in a report by Shenyin & Wanguo Securities.

"The marketing and promotion costs incurred by intense competition will also decrease significantly after the move," Tong wrote.

Despite the benefits of the joint ventures, Tong said, it will take time to discover whether the two companies can cooperate effectively. "Companies from different backgrounds might have different ideas about operations and sales, so it will take time to see the results."

According to the China Alcoholic Drinks Industry Association, beer production in the country rose by 10.7 percent last year to 48 billion liters. China's average consumption per capita has been about 30 liters in recent years.

tangzhihao@chinadaily.com.cn

 
 
...
...
...
主站蜘蛛池模板: 在线观看黄色小视频 | 插插插色综合 | 四虎国产成人永久精品免费 | 国产专区在线播放 | 操天天 | 精品视频99 | 久久性网 | 免费色网 | 高清一区二区三区四区 | 夜夜天天干 | 四虎在线网址 | 97国产精品久久久 | 爆操欧美美女 | 视色,视色影院,视色影库,视色网 | 97超碰国产在线 | 艳妇av | www日韩精品| 亚洲黄色免费观看 | 国产毛片a | 精品一区二区三区免费 | 蜜桃av噜噜一区二区三区 | 天天草天天草 | 西西特级444大胆高清张悠雨 | 久久国产免费观看 | 日韩视频在线免费播放 | 亚洲第一看片 | 久久国产精品-国产精品 | 性色av蜜臀av浪潮av老女人 | 色综合色综合网色综合 | 六月丁香激情综合 | 性高潮免费视频 | 视频一区二区在线 | 欧美成人一区二区三区片免费 | 天天操夜夜逼 | 欧美成人极品 | 黄色片免费网站 | 国产福利在线视频 | 成人免费视频网站入口:: | 亚洲成a人片在线 | 日韩经典三级 | 91av导航 |