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Carlsberg, the Danish brewer, intends to expand in Asia to help reduce its exposure to a volatile Russian beer market, its chief executive said in an interview with the Financial Times on Wednesday.
"We do see Asia as being a place to expand and invest in," Jorgen Buhl Rasmussen told the FT.
He added that a stronger business in Asia -- which accounts for 10 percent of Carlsberg's sales volumes and 17 percent of operating profits -- would balance the company's exposure to Russia, which contributes about half its profits.
Russia's economy is suffering a sharp contraction amid the worst global slump since the 1930s.
written on 03.06.2009 um 19:56.
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