China, Beijing: Lanzhou Huanghe Enterprise Co Ltd, Carlsberg's partner in China, said three of the Danish brewery’s new ventures have started operations, with the fourth set to do so next June, AFX posted on December 24. Lanzhou Huanghe's breweries have a total annual capacity of approximately 2.5 million hectoliters, and a 36 % market share in Gansu.
In July, Carlsberg and the Denmark-based Industrialization Fund for Developing Countries (IFU) acquired 50% of Lanzhou Huanghe Brewery in northwest China's Gansu province. Carlsberg and the IFU obtained a 40 % share in a new brewery being built in neighboring Qinghai province, with an initial annual capacity of 0.5 million hectoliters of beer. The four breweries in China cost Carlsberg and IFU a total of 115 million dkr. (1 usd = 1.48 dkr)
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