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China: San Miguel announces strong growth in China
Brewery news

San Miguel Corp, the Philippines' largest food and beverage conglomerate, announced on January 16 that its brewery unit in China posted double-digit sales growth in 2005, according to Dow Jones. San Miguel Baoding Brewery posted sales of $16.8 million in 2005, up 13% from the 2004. Sales volume was up 22% on year.

San Miguel didn't say how much the China operation contributes to its overall revenue. The group's revenue totaled PHP161 billion in the January-September period, up 32% on year. San Miguel started operations in North China in 1996, with the purchase of the former Bada Baoding Brewery.

20 January, 2006
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