SABMiller, the world's second-largest brewer, took steps to reassert its position in the Chinese beer market, announcing an investment in a new $82 million brewery.
Through its joint venture with China Resource Enterprise (CRE), a retail, beverage and oil conglomerate, SABMiller will contribute 49% of the total needed for the brewery in the south-eastern province of Guangdong. In the city of Dongguan, it will be able to produce about 3 million hectoliters annually. The venture will use CRE's retail outlets to distribute its beer.