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China’s largest alcoholic beverage manufacturer, Kweichow Moutai Co. is investing Rmb 15.52 billion (US$2.23 billion) to expand its production facilities.
The Chinese liquor producer, which is also one of the country’s largest listed companies, said it has received board approval to allocate Rmb 10.54 billion (US$1.56 billion) into construction and engineering costs, and another Rmb 2.68 billion (US$396 million) for land expenses, among others.
The company plans to build 68 new liquor plants, 69 storage facilities and other production infrastructures. The new facilities are expected to be completed in 4 years and are expected to boost its capacity by an additional 19,800 tons a year.
