The first local brewery for China's Tsingtao Beer will be built in Pintung County and start mass production in 2004, the local distributor said yesterday.
"NT$3 billion will be invested in the facility, with a maximum production goal of 331.2 million bottles per year," said Peter Tsai (
Tsai added that the brewery would sit atop 8.5 hectares of land and be open for tours, a business offshoot that is expected to generate some NT$6 billion a year and create multiple job opportunities.
The brewery's first year production goal is 82.8 million bottles, growing to 165.6 million bottles the second year, Tsai said.
He said Tsingtao Beer will provide bottle labelling and brewing technology under a 30-year deal with the Chinese parent company.
Taiwan Tsing Beer Corp is a unit of Taiwan-based Sanyo Whisbih Group (
Tsai and the corporation's president paid a visit to Pintung County Commissioner Su Chia-chuan (蘇嘉全) on Wednesday, accompanied by a former Control Yuan member Yeh Yao-peng (葉耀鵬). Yeh is the company's spokesperson and also a shareholder in the corporation.
Su reportedly told his guests that he warmly welcomed the company's investment in Pintung.
According to Yeh, Su facilitated the brewery's construction by providing preferential land leases as well as sufficient supplies of water and electricity.
In addition, Pintung County will invest about NT$60 million to build transportation infrastructure around the brewery's construction site, while Su also plans to build a recreational farm nearby to attract more visitors, Yeh was as saying in the local media yesterday.
According to Tsai, local beer drinkers have responded well to the newly-imported Chinese beer. He said that 36 million bottles of Tsingtao Beer have been sold in Taiwan since April.
Tsingtao's main competition is Taiwan Beer, Tsai said.
After grabbing a 5 percent market share in July, Tsai estimated the brewer could control 20 percent of the Taiwan market within three years.
Tsingtao's entry into the nation's beer market is one of the first by a foreign brewery following termination of the alcohol-production monopoly held by the state-controlled Taiwan Tobacco and Wine Board (TTWB,
The government is cutting tariffs on hundreds of goods and opening its market to foreign competition as a result of its entry into the WTO in January.
The TTWB, which produces and distributes Taiwan Beer, said it has firmly secured an 85 percent market share in Taiwan that no rival could possibly steal away.
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
Merida Industry Co (美利達) has seen signs of recovery in the US and European markets this year, as customers are gradually depleting their inventories, the bicycle maker told shareholders yesterday. Given robust growth in new orders at its Taiwanese factory, coupled with its subsidiaries’ improving performance, Merida said it remains confident about the bicycle market’s prospects and expects steady growth in its core business this year. CAUTION ON CHINA However, the company must handle the Chinese market with great caution, as sales of road bikes there have declined significantly, affecting its revenue and profitability, Merida said in a statement, adding that it would
UNCERTAINTIES: The world’s biggest chip packager and tester is closely monitoring the US’ tariff policy before making any capacity adjustments, a company official said ASE Technology Holding Inc (日月光投控), the world’s biggest chip packager and tester, yesterday said it is cautiously evaluating new advanced packaging capacity expansion in the US in response to customers’ requests amid uncertainties about the US’ tariff policy. Compared with its semiconductor peers, ASE has been relatively prudent about building new capacity in the US. However, the company is adjusting its global manufacturing footprint expansion after US President Donald Trump announced “reciprocal” tariffs in April, and new import duties targeting semiconductors and other items that are vital to national security. ASE subsidiary Siliconware Precision Industries Co (SPIL, 矽品精密) is participating in Nvidia
RSS