Beverages News
- Moutai plans production expansion
Date: 22-Nov-2007 Sources: (Shenzhen Daily)
KWEICHOW Moutai, a top maker of traditional Chinese liquor, plans to expand production capacity of the fiery Maotai drink by 2,000 tons.
The Shanghai-listed firm will invest about 700 million yuan (US$94.28 million) in the expansion next year and finance most of the investment itself. Moutai has slightly revised its plan on how to use the proceeds from its Shanghai initial share offering in 2001 and will inject 64 million yuan from the proceeds into the expansion.
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