27.11.06 Carlsberg in China .pdf - Carlsberg Group
27.11.06 Carlsberg in China .pdf - Carlsberg Group
27.11.06 Carlsberg in China .pdf - Carlsberg Group
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Competition will cont<strong>in</strong>ue<br />
• Consolidation trend and fight to <strong>in</strong>crease market share will<br />
cont<strong>in</strong>ue<br />
- Consolidation of owners, capacity and brands<br />
- Smaller and less effective brewers would not stay<br />
- Number of breweries and brands will decl<strong>in</strong>e over time<br />
• Brewers are becom<strong>in</strong>g better at brand<strong>in</strong>g and management;<br />
and more conscious to deliver better results (particularly for<br />
listed brewery companies)