Suntory to sell soft drinks in Guangdong, China
Suntory Holdings has announced that it is to sell its soft drinks in the Chinese province of Guangdong in 2010 with the aid of US food and drink giant PepsiCo.
Two of the Japanese beverage company’s dairy-based drinks will be the first of Suntory Holdings’ products to be marketed in the region.
The company said it hopes to increase sales in China to 20 billion yen (£136.1 million), which is five times the amount it made in 2009.
Suntory was founded in 1899 and its business portfolio now includes alcoholic and soft beverages, foods and flowers.
In November, Suntory Holdings announced it had completed the acquisition of the Orangina Schweppes Group. It said that this acquisition will provide it with a “solid platform” in the European soft drinks business.
The group employs around 2,500 staff and its main products are Orangina, Schweppes Trina and Oasis.
In 2008 the Orangina Schweppes Group made sales of 138 billion yen (£939.5 million).
Tags | china, News, soft drinks, suntory holdings
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