Friday, October 21, 2005

Taiwan Beer to Foreign Partner?

The International Herald Tribune reports that Taiwan Beer is looking for a foreign partner.

Taiwan Tobacco & Liquor, which controls about 80 percent of the island's $1 billion-a-year beer market, is looking for overseas partners as rivals like Heineken and Tsingtao Brewery siphon away its sales and crimp its profit.

"We're willing to talk if any international tobacco, liquor and beer company is interested," the chairman, Ray Dawn, said in a recent interview in Taipei. Foreign investors "can be our long-term strategic partners."

Here's a hint guys: try investing in product quality. Perhaps that foreign partner will help...