Tsingtao Beer to open brewery in Thailand

    Updated: 2011-10-18 11:41

    By Xie Chuanjiao (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    Tsingtao Beer to open brewery in Thailand

    Tsingtao Brewery Co Ltd's facility in Qingdao, Shandong province. The beverage company will open its first overseas plant in Thailand in 2013. Experts say emerging markets are the latest battlefields for global brands. [Photo/China Daily]

    Facility will mark expansion efforts into ASEAN, European markets

    BANGKOK - China's brewery giant Tsingtao Beer announced on Monday that it plans to set up its first overseas plant in Bangkok, the capital of Thailand, as a significant step towards globalization for the century-old brand, which was introduced by the Germans 108 years ago.

    The plant, which will begin operations in early 2013 with an estimated total investment of $100 million, will have an annual production output of 200,000 liters and will create hundreds of local jobs, said Jin Zhiguo, chairman of Qingdao, Shandong-based Tsingtao Brewery Co Ltd. The company's branch in Thailand, operating as Tsingtao Beer (Thailand) Co Ltd, will be the sixth-largest brewery in terms of production output in the world.

    "The exploration of the Southeast Asian market will be the first stop for Tsingtao beer in the quest to expand to European and Oceania markets," Jin said. "It is a solid step towards multinational management after careful preparation and accumulation."

    The establishment of the Thai plant aims to ride on the enormous market volume and growing demand.

    "Thailand has an important geographical location among the 10 ASEAN countries, with a complete market economic system, an open investment environment and a climate for all-year-round beer consumption," Jin said at a signing ceremony on Monday morning in Bangkok.

    The brewery exports beer to more than 70 countries around the world. The overseas plant is expected to expand its market share in the Southeast Asian and European markets, according to a statement from the company.

    Jin said the company's first step towards internationalization traced back 100 years ago, when the British and German merchants brought yeast and beer-making techniques to Qingdao. Three years later, the beer company won a gold medal at the Munich Beer Festival.

    The Thai project marks another step towards further capital internationalization and the globalization of resource allocation and supply chain management.

    "Localized production for local supply will provide greater efficiency in management and supply chain, improve product freshness and quality, and enhance international competitiveness," Jin said.

    "It is the time to go global to introduce our beer to different countries. We want Tsingtao beer to penetrate people's lives through the value we create to local consumers, communities and governments," Jin said.

    Economic and cultural exchanges between China and Thailand have been growing rapidly, laying the foundation for Chinese companies to invest in Thailand, said Li Qun, the mayor of Qingdao.

    Local sources said beer consumption in Thailand has been on the rise along with growing tourism.

    "As a world-renowned brand, Tsingtao beer enjoys a great reputation among the Thai people for its century-old traditions of beer making. The project will bring us not only quality beer, but also advanced technologies and management methods, thus contributing to our nation's beer industry," Witoon Simachokedee, permanent secretary of Thailand's Ministry of Industry, said at the ceremony.

    The project will likely benefit Thailand's agricultural industry, as Thailand abounds with rice, an important raw material of beer.

    Zhang Yi, associate professor of the University of International Business and Economics in Beijing, said emerging markets, including China and ASEAN (Association of Southeast Asian Nations), are the latest battlefields for global brands.

    "Emerging markets not only have a great potential for consumption, but also provide favorable policies and preferential tariffs, which can bring concrete benefits to companies," he said.

    "After Tsingtao Beer establishes its branch in Thailand, tariffs can be avoided, logistics can be shortened and freshness of the beers can be guaranteed. It will lower tax rates for Tsingtao Beer in the Southeast Asian markets," Zhang added.

    Chinese investment in Thailand has been growing. China invested $830 million in Thailand in the first eight months of this year, exceeding last year's total investment, said Guan Mu, Chinese ambassador to Thailand. He added that bilateral trade reached $49.4 billion in the first nine months of this year.

    Wu Binbin contributed to this story.

    亚洲精品无码久久久久sm| 一本加勒比HEZYO无码人妻| 亚洲一区爱区精品无码| 亚洲高清中文字幕免费| 无码午夜成人1000部免费视频| 色视频综合无码一区二区三区| 在线观看免费无码专区| 一本久中文视频播放| 免费无码黄十八禁网站在线观看 | 亚洲精品无码永久中文字幕| 久久中文骚妇内射| 亚洲中文字幕无码一去台湾| AV无码久久久久不卡网站下载| 亚洲AV综合色区无码一区爱AV | 一本无码中文字幕在线观| 最新中文字幕在线| 久久精品中文无码资源站| 中文字幕无码毛片免费看| 久久久久成人精品无码| 国产成年无码久久久久毛片| 少妇无码一区二区三区免费| 亚洲av无码一区二区三区乱子伦| 国产成人无码免费看视频软件 | 日本中文字幕在线视频一区| 人妻精品久久久久中文字幕一冢本| 亚洲午夜福利精品无码| 亚洲不卡无码av中文字幕| 亚洲Av无码乱码在线播放| 久久亚洲国产成人精品无码区| 国产成人亚洲综合无码| 免费无码黄十八禁网站在线观看| 18禁无遮拦无码国产在线播放| 国产精品午夜无码AV天美传媒| 国产成人A人亚洲精品无码| 无码av免费一区二区三区试看| 国产免费黄色无码视频| 久久久久久亚洲精品无码 | 中文字幕专区高清在线观看 | 中文午夜乱理片无码| 91中文字幕yellow字幕网| 中文字幕一区二区三区精彩视频|