Weather
Wednesday, February 10, 2010
Categories
Local News
|
Search News
TTL in Taiwan to be OEM for China-based liquor and tobacco03/19/2009 (CENS) To weather the global economic slowdown, the state-run Taiwan Tobacco and Liquor Co. (TTL) plans to produce mainland China's Guizhou Maotai liquor and Jilin Changbaishan cigarette on an OEM (original equipment manufacturer) basis, duplicating that for Philips Morris' Blue Star cigarettes.TTL said it would raise in-house production equipment utilization rate and revenues by being OEM for well-established foreign liquors and cigarettes. For the past five years, TTL has been producing Japan's Sapporo beer as an OEM, generating NT$500 million (US$14.5 million) in additional revenues per year. More recently, TTL has been negotiating with Japan's Asahi Co. to OEM brew Asahi liquors sold in Taiwan. The OEM production of Maotai liquor and Changbaishan cigarettes will help TTL generate an additional NT$3 billion (US$86.95 million) in revenues per year. Wei believes the TTL will have many opportunities to boost equipment utilization rate amid the global downturn as many of the world's big names have been scaling down expansion projects and seeking OEMs overseas. http://cens.com//cens/html/en/news/news_inner_26703.html This story has been viewed 85 times. |
