Carlsberg Opening $670 Million Brewery In China

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News from Reuters:

COPENHAGEN (Reuters) - Danish brewer Carlsberg will sign a deal on Friday to build a brewery in the Chinese province of Yunnan at a total investment of 4 billion Danish crowns ($670.42 million), a spokesman said.

The brewery will be Carlsberg's second biggest, reaching an annual capacity of 10 million hectoliter before 2025, the spokesman said. Carlsberg's biggest brewery is currently its Russian brewery Baltika with an annual capacity of 12 million hectoliter per year.

The deal will be signed with Chinese officials on Friday in connection with the visit to Denmark of Chinese president Hu Jinteo.

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