The Taiwan Tsingtao Brewery Group is intending to spend US$ 86 million to build a brewery, which will produce China’s leading bear brand Tsingtao on the Island. The company will be the first Taiwan firm to be licensed by a China brand. The new brewery is expected to have an annual capacity of up to 200,000 tonnes. This move was made because of a successful market for Tsingtao brand established in Taiwan.

27 September, 2002