07 March, 2007

China: Kingway to build a RMB 400 mln brewery in Foshan

Kingway Brewery Holdings Ltd. has announced the building of a brewery in Foshan, Guangdong province at a cost of RMB 400 million, according to China Knowledge, March 7.

In a statement filed to the Hong Kong Stock Exchange on Wednesday, Kingway said that commercial production will begin in early 2008. The company, which first announced the project in November, established Kingway Foshan in the Mainland to run the new brewery.

With an approximate land area of 158,000 sq m, Kingway Foshan will have a production capacity of 200,000 tons per annum.

Kingway currently has two brewery plants in Shenzhen with a total production of 900,000 tons. Kingway products are sold in more than 20 cities and provinces like Guangdong, Guangxi, Fujian, Hunan, Hainan and Jiangxi, as well as in Hong Kong, Taiwan and Macau.

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