Obolon starts exporting beer to China

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Dec. 6, 2011, 5:25 p.m. | Business — by Interfax-Ukraine
Obolon Corporation (Kyiv), one of the largest producers of beer and non-alcoholic drinks in Ukraine, in November 2011 started exporting beer to China, the company's press service has said. Obolon-brand products will be sold in the Wal-Mart retail chain of stores, and in hotels and restaurants in the largest cities in China.

According to the report, the average price of a 0.5-liter Obolon beer bottle in a store will start from CNY 20 ($3.14).

Beer is supplied to China by sea from Kyiv via Odesa and the Indian Ocean.

"The Chinese beer market annually grows by over 10% due to economic growth and the increase in living standards. Now foreign companies are free to enter the market of this country," the press release reads, citing the director for foreign economic affairs at Obolon, Serhiy Kravets.

According to him, the first talks on the future cooperation with the eastern partners were held at the SIALChina2010 international exhibition in Shanghai.
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