Archives for December 3, 2004

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Jinro auction to go ahead by year end

Jinro, South Korea's largest spirit producer, has confirmed that it will invite bids by the end of this month, a move that aims to raise $2 billion (€1.5 bn) and allow the bankrupt company to pay off its creditors. Simon Pitman reports.

Canned food continues strong growth in China

With the market for canned food doubling in size in the course of the last eight years, further growth is expected in line with the rapidly expanding China economy in the coming years.