DCN ARCHIVES

September 1, 2004

International Construction

Second-biggest brewer to build plant in China

SHANGHAI

SABMiller PLC, the world’s second-biggest brewer, and its joint venture partner China Resources Enterprise Ltd. are planning to build a brewery at a cost of $82.3 million (U.S.) that will tap the affluent market in southern China.

Construction will begin in November and the new brewery, to be located in Dongguan near Hong Kong, will begin operation in early 2006, China Resources said in a statement.

London-based SABMiller, maker of Miller Lite, holds a 49 per cent stake in China Resources Breweries, which is 51 per cent owned by China Resources.

“After a long period of careful study and analysis of the local market, we believe it is the right time for CRB to enter the affluent southern China region,” Frank Ning, chairman of China Resources Enterprise, said.

“Construction of a new brewery rather than acquisition is the most efficient and effective way to gain access to the market,” he said.

Foreign beer makers have been jostling for position in China, now the world’s biggest beer market and one that is expected to continue expanding as incomes rise.

Earlier this summer, SABMiller lost a bidding war for a north China brewery, Harbin Brewery Group, by its larger rival Anheuser-Busch Cos. Inc., maker of Budweiser.

The Associated Press

Print | Comment

MOST POPULAR STORIES
TODAY’S TOP CONSTRUCTION PROJECTS

These projects have been selected from 479 projects with a total value of $1,224,678,004 that Reed Construction Data Building Reports reported on Wednesday.

MULTI-RESIDENTIAL APARTMENT BUILDING

$31,000,000 Richmond Hill ON Negotiated

AQUATIC CENTRE ADDN, OUTDOOR RINK

$30,000,000 Brampton ON Tenders

OFFICE BUILDING

$30,000,000 Mississauga ON Negotiated

Daily Top 10

CURRENT STORIES
TODAY’S TOP JOBS

Site Super
Ontario-East York

Project Control Coordinator - NLLP Program Office (16633)
Ontario-North Bay

Experienced Site Superintendent
Ontario-Cobourg

Project Manager
Ontario-Oshawa

Estimator
Ontario-Toronto

Site/Field Coordinator
Ontario-Mississauga

Superintendent
Alberta-Red Deer

Operations Foreman
British Columbia-Vancouver

Earthworks Estimator
Ontario-King

Junior Construction Manager
Alberta-Fort McMurray

More jobs 

myJobsite.ca

Your gateway to
the top careers
in construction
and design