Headlines

Carlsberg Invests Nearly $100M to Upgrade China Facility

Carlsberg has signed a deal to invest 600 million yuan ($98.4 million) to upgrade production lines in Sichuan, representing a major drive to expand its market share in its fastest-growing market. Jorgen Buhl Rosmussen, president and CEO of Carlsberg signed a deal with officials in Yibin to upgrade a major production line there. Another deal, with the Liangzhou government, will allow the company to have a barley supply base there. The two deals were signed at the ongoing 14th Western China International Fair. (ecns.com)