Chinese Rice Wine Producer Increase Price

Source: Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd

Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd. has issued the following announcement:

Due to the scarcity of the resource of the Company's high-quality handmade wine and the supply and demand of wine, the Company decides to raise the manufacturer's price of the handmade wine produced from 2000 to 2009 by 11%-17% from October 9, 2010 onwards.

The aforesaid price adjustment will have certain influence on the wine sale of the Company. 

Zhejiang Guyuelongshan Shaoxing Wine Co., Ltd is the largest rice wine company in China regarding its capacity, business performance and export coverage. It possesses national first class rice wine production facilities in China and the only provincial-level rice wine technical centre in China, gathers several state-level wine connoisseurs. It has an annual capacity of 140thousand tons of rice wine.