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

US EUROPE AFRICA ASIA 中文
Business / Companies

Changyu invests in Spanish wine

By Wang Zhuoqiong and Ju Chuanjiang (China Daily) Updated: 2015-09-02 08:39

Changyu invests in Spanish wine

A customer buys Changyu wine in Yantai, Shandong province. [Photo/China Daily]

Company set to spend $29.5m on second overseas move after buying French cognac producer in 2013

Yantai Changyu Pioneer Wine Company Ltd, a leading winery based in Xinjiang Uygur autonomous region, is planning to take a 75 percent stake in the Spanish wine maker Dicot Partners SL, which officials said will help the Chinese firm globalize its brand portfolio.

The company is set to spend a total 26.25 million euros ($29.5 million) on the acquisition.

The stake is being bought from Spanish firms ComercialGatar and Gestion Ganuza, both of which will be left with equal shares of the remaining 25 percent of the business.

Dicot Partners is considered among the top five Spanish wine producers. It has annual capacity of 16,000 metric tons, spread across seven wine brands. Over half of its revenue is from exports, just 1 percent of which is sold in China.

Sun Jian, Changyu's deputy general manager, said the takeover - based in Rioja, the heart of one of Spain's leading grape growing regions - is part of the company's efforts to grow its international sales.

Dicot Partners becomes Changyu's second international acquisition, after it bought French cognac and brandy producer Roullet-Fransac in 2013.

Sun said Spain is China's third-largest source of imported wines, after France and Australia, "but in terms of value, Spain has become the most competitive".

He said Changyu is already looking at other international acquisition targets in major grape-growing markets.

Changyu had a strong first half year, despite the government's anti-austerity campaign which has hurt other alcoholic drinks companies.

Its revenues rose 22.75 percent to 2.8 billion yuan ($438.4 million), which delivered a net profit of 740 million yuan, a 17 percent rise.

According to Qilu Securities, Chinese wine imports increased 13.4 percent in the first six months of this year by volume, but prices fell on average by 11.1 percent.

Sun said Changyu imported 100 million yuan of wine last year, which represented 2 percent of its business, but it is aiming to increase that to 30 percent of total revenue.

Li Xinxin, chief executive officer of Chateaux Haut-vallee, a wine trading company based in Beijing, said the acquisition would "upgrade Changyu's technology knowhow, lift its production capacity and diversify its brand portfolio".

Li also expects more Chinese wine makers to look abroad to acquire international brands.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美日皮视频 | 激情国产在线 | 欧美日韩网址 | 久草网在线视频 | av四虎| 日韩午夜伦 | 中文字幕高清 | 日本久久久久久久久久久 | 最近2019中文字幕大全第二页 | 久久神马影院 | 手机看片在线观看 | 日韩激情在线 | 日韩插插插| 久操视屏 | 99久久久久成人国产免费 | 天天操好逼 | 久久99免费视频 | 久久精品视频免费看 | 成年人午夜视频 | 国产哺乳奶水91在线播放 | 日本视频精品 | 欧美三级欧美一级 | 国产日韩三级 | av在线免费网址 | 国产精品www| 欧美色偷偷 | 中文在线字幕在线观看 | 亚洲免费小视频 | 欧美性猛交xxxx免费看 | 欧美色图另类图片 | 亚洲第一看片 | 青青草在线免费视频 | 糖心vlog在线免费观看 | 天堂a视频 | 精品一区二区国产 | 金瓶狂野欧美性猛交xxxx | 欧美激情xxxxx | 欧美一级一级 | 国产精品99久久久久久宅男 | 国产一级片免费观看 | 欧美日韩亚 |