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Kweichow Moutai to spend 3.56B yuan on production expansion

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Kweichow Moutai to spend 3.56B yuan on production expansion

Kweichow Moutai Co. Ltd. will spend about 3.56 billion yuan through 2020 to expand its production capacity.

In a Dec. 7 filing, the company said it plans to build 23 liquor production buildings and supporting facilities, which will add 5,152 tons to its Maotai liquor production capacity per year.

It also intends to build 20 liquor storage and supporting facilities, as well as eight buildings that will house the production of distiller's yeast and other facilities.

The construction period for the project is from May 2018 to May 2020.

As of Dec. 19, US$1 was equivalent to 6.60 Chinese yuan.