Anhui Gujing Distillery will invest Rmb 8.9 billion (US$1.3 billion) in a smart plant located in an intelligent technological park that will integrate the distiller’s liquor brewing, yeast production and liquor storage facilities.
Construction is expected to take 5 years and the plant should be in full production by December 2024. The project has been given the green light by the board of directors but awaits shareholder review.
Anhui Gujing Distillery is primarly engaged in distilling and sales of liquors under the traditional ‘Gujing Gong’ spirits series. Anhui region in China is also one of the top 10 liquor producing areas in the world, and the value of Gujing Gong brand has reached nearly Rmb 147 billion (US$20.7 billion) in 2019, ranking it 4th nationally and 9th globally.
In 2018, Gujing’s revenue reached over Rmb 10 billion (US$1.4 billion) .
Anhui Gujing Distillery to invest US$1.3 Billion on a Smart Plant
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