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News in Brief

This article was originally published in Foodnews

TSINGTAO Brewery, China's second largest brewer, has announced beer volumes of 6.3 billion litres in 2010, up 7.4% on 2009. This is still some way off China Resources Snow Breweries' growth of 11%, to 9.2 billion litres. Both brewers grew faster than the overall market in 2009 which, according to Reuters, rose 6.3% to 44.8 billion litres in 2010. Tsingtao announced plans to up capacity over the next five years, including expansion of its plants in Shanghai, Shenzhen, Fuzhou and Zhuhai. It also said it will continue to look for suitable merger and acquisition targets across China.


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