date:Feb 06, 2013
Asia's $258 billion beer market is growing twice as fast as the rest of the world, leading to rising competition and expectations of more industry deals in the region this year.
CR Snow, a brewing joint venture between SABMiller and conglomerate China Resources Enterprise (0291.HK), will see its capacity rise 8.5 percent with the acquisition of seven breweries that Kingway put up for sale early last year.
Four are in Guangdong province, one of China's fastest-growing and most affluent regions,