日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Changyu invests in Spanish wine

By Wang Zhuoqiong and Ju Chuanjiang (China Daily) Updated: 2015-09-02 08:39

Changyu invests in Spanish wine

A customer buys Changyu wine in Yantai, Shandong province. [Photo/China Daily]

Company set to spend $29.5m on second overseas move after buying French cognac producer in 2013

Yantai Changyu Pioneer Wine Company Ltd, a leading winery based in Xinjiang Uygur autonomous region, is planning to take a 75 percent stake in the Spanish wine maker Dicot Partners SL, which officials said will help the Chinese firm globalize its brand portfolio.

The company is set to spend a total 26.25 million euros ($29.5 million) on the acquisition.

The stake is being bought from Spanish firms ComercialGatar and Gestion Ganuza, both of which will be left with equal shares of the remaining 25 percent of the business.

Dicot Partners is considered among the top five Spanish wine producers. It has annual capacity of 16,000 metric tons, spread across seven wine brands. Over half of its revenue is from exports, just 1 percent of which is sold in China.

Sun Jian, Changyu's deputy general manager, said the takeover - based in Rioja, the heart of one of Spain's leading grape growing regions - is part of the company's efforts to grow its international sales.

Dicot Partners becomes Changyu's second international acquisition, after it bought French cognac and brandy producer Roullet-Fransac in 2013.

Sun said Spain is China's third-largest source of imported wines, after France and Australia, "but in terms of value, Spain has become the most competitive".

He said Changyu is already looking at other international acquisition targets in major grape-growing markets.

Changyu had a strong first half year, despite the government's anti-austerity campaign which has hurt other alcoholic drinks companies.

Its revenues rose 22.75 percent to 2.8 billion yuan ($438.4 million), which delivered a net profit of 740 million yuan, a 17 percent rise.

According to Qilu Securities, Chinese wine imports increased 13.4 percent in the first six months of this year by volume, but prices fell on average by 11.1 percent.

Sun said Changyu imported 100 million yuan of wine last year, which represented 2 percent of its business, but it is aiming to increase that to 30 percent of total revenue.

Li Xinxin, chief executive officer of Chateaux Haut-vallee, a wine trading company based in Beijing, said the acquisition would "upgrade Changyu's technology knowhow, lift its production capacity and diversify its brand portfolio".

Li also expects more Chinese wine makers to look abroad to acquire international brands.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 午夜一级大片 | 亚洲第一区在线 | 亚洲日本中文字幕在线 | 亚洲伦理一区二区三区 | 国产a网站| 四虎成人精品永久免费av九九 | 深夜激情影院 | 亚洲天堂2020 | 日韩一级片在线观看 | 欧美日韩一区在线 | 久久国产成人 | 激情中文网 | 丁香激情五月少妇 | 夜夜干天天操 | 国产18页 | 国产一区视频在线 | 日本精品久久 | 三级黄色免费网站 | 四虎永久免费影院 | 色第一页| 成人久久久久久久 | 欧美精品中文 | 这里只有精品国产 | 五月天婷婷综合网 | 午夜影院日本 | 国产午夜三级一区二区三 | 91免费在线视频 | 国产91对白在线播放 | 中文字幕资源在线 | 懂色av蜜臀av粉嫩av分享吧 | 国产精品久草 | 亚洲黄色片网站 | 一本一本久久a久久精品牛牛影视 | 特级西西人体444是什么意思 | 国产在线激情视频 | 免费一级淫片 | 久久久免费 | 午夜精品久久久久久久久久久久 | 中文字幕久久久 | 99热亚洲| 国产精品久久久 |