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Anheuser-Busch on Latest Developments in China

by: Ezra Marbach April 26, 2007 | about: AHBIF.PK    
From Anheuser-Busch's (BUD) Q1 2007 earnings conference call yesterday:

W. Randolph Baker - VP and CFO

Volume for our Budweiser and Harbin operations in China were up high single-digits in the first quarter. Profits were also up high single-digits despite increased marketing and distribution costs associated with the rollout of Budweiser and Harbin premium brands to new markets.

Earlier this month, Anheuser-Busch announced the construction of a new brewery in the Guangdong province city of Foshan to support the growth of our premium brands in China. Once construction is complete in 2008, AB will own and operate 15 breweries in China. In addition, during the first quarter, AB began distributing the Corona brand through our Budweiser China distribution system.

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