CHINA AGGRESSIVELY EXPANDING BEVERAGE PRODUCTION
May 1st, 2010
BY WANG FANGQING
Given the fast-growing domestic consumption of branded drinks, Chinese beverage manufacturers are racing to expand their production.
The Beijing-based Huiyuan Group (NOTE - SPELLING IS CORRECT), China's leading fruit juice manufacturer (and which Coca-Cola failed to purchase last year), announced a massive investment of Chinese Yuan CNY5 billion (US dollar USD731 million) in April 2010 to develop a sparkling fruit juice line. In June 2009, Taiwan-based Uni-President, which is known for its bottled tea and instant noodles, established a joint ...
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