Brewery to diversify

Wuliangye Brewery in Yibin, in the south of Sichuan province, plans to invest one billion yuan (about HK$929.6 million) annually over the next seven years to diversify production and make high value-added products.

Director Wang Guochun said the brewery expected pre-tax profit to reach 10 billion yuan by 2004 after completion of the expansion plan.