Changyu Wine to build 3 wineries, develop sparkling wine market

April 7 -- Yantai Changyu Pioneer Wine Company Ltd. (000869), plans to construct three wineries in Shaanxi, Ningxia and Xinjiang provinces over the next two years, reports 163.com, citing general manager Zhou Hongjiang.

The wineries will help to diversify Changyu Wine’s luxury wine offerings, Zhou said. The firm has begun cooperation with Donelli Wine Company, an Italian sparkling wine producer, to develop the sparkling wine market in China.