02 September, 2005

Japan: Asahi strengthens its non-core operations

Japanese brewer Asahi will purchase Kanebo's soft drinks company for an undisclosed sum in order to offset the effects of weak domestic beer demand. Asahi and other Japanese brewers has been strengthening its non-core operations because of a shrinking domestic beer market

Asahi anticipates its soft-drink business, which is the contributor to brewer’s major earnings growth, to make up 17 % of its overall sales in 2005, up from 15 % last year.

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