Wahaha to become global player<\/p>\n
BEIJING: Hangzhou Wahaha Group Co., China's largest beverage
\ncompany, wants to become a consumer goods company of global scale
\nby expanding its brand into new areas such as children's clothing
\nand personal-care products.<\/p>\n
In a meeting with reporters at the weekend, company Chairman
\nZong Qinghou laid out the company's plan to become a diversified
\nconsumer goods multinational. He said Wahaha is also planning to
\nopen drinks factories in Indonesia and Thailand, probably next
\nyear.<\/p>\n
"I want to make this company big and strong, and I see that
\nthe big companies in the world all have diversified operations,"
\nZong said.<\/p>\n
"This year our main goals are to continue to expand our
\nbeverage products, and to do well in children's clothing," he
\nsaid. "In the second half of the year, we will develop some new
\ntypes of daily-use products, such as shampoo."<\/p>\n
He defended the plan to expand beyond the company's core
\nbeverage business, arguing that "for fast-moving consumer goods,
\nthe sales channels and sales methods are all pretty much the
\nsame."<\/p>\n
"There still isn't a strong brand of children's clothing in
\nChina," Zong said, nothing that while China is a major maker and
\nexporter of textiles and clothing, most of that is done under
\ncontract for foreign companies. -- Dow Jones<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/wahaha-to-become-global-player-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}