BEIJING--Japanese brewery Asahi has signed an agreement with China's Tsingtao Beer Co. to jointly produce tea-based soft drinks. The two companies will establish the Qingtao Asahi Drinks Co. in Qingtao City, located in East China's Shanong Province. The new company will design and market tea soft drinks targeting the Chinese mainland market. Tsingtao Beer is now one of the largest beer producers in China and is famous for its Laoshan mineral water.
Copyright August 2000, Crain Communications Inc.