Special Report

World’s 15 Most Valuable Alcohol Companies

Source: BeeBright / iStock Editorial via Getty Images

15. Tsingtao Brewery Co Ltd. (OTC: TSGTF)
> Headquarters: Qingdao, China
> Market cap: $15.23 billion
> Assets: $4.5 billion

Founded by transplanted Bavarian brewers in 1903 in the eastern coastal province of Shandong, Tsingtao now produces beer in about 60 facilities all over the country. Its revenue in the third quarter of 2020 reached $1.264 billion. Among Chinese breweries, only China Resources Beer (see No. 11) brought in more.

Source: kirin.com

14. Kirin Holdings (OTC: KNBWY)
> Headquarters: Tokyo, Japan
> Market cap: $16.8 billion
> Assets: $22.2 billion

Japan’s second-largest brewery (after Asahi; see No. 13), Kirin dates its origins back to one founded in 1869 by a Norwegian-American entrepreneur in Yokohama. Besides its two main beers, Kirin Lager and Ichiban Shibori, the company — a member of the Mitsubishi Group — also owns soft drink, restaurant, real estate, agribio businesses, and other enterprises.

Source: tupungato / iStock Editorial via Getty Images

13. Asahi (OTC: ASBRF)
> Headquarters: Tokyo, Japan
> Market cap: $21.7 billion
> Assets: $28.9 billion

Japan’s largest brewery, with a market share of more than 35%, Asahi markets at least half a dozen varieties of beer under its own label. In 2016, the company bought Italy’s Peroni, Holland’s Grolsch, and several other breweries from Anheuser-Busch InBev.

12. Carlsberg (OTC: CABGY)
> Headquarters: Copenhagen, Denmark
> Market cap: $24.5 billion
> Assets: $18.5 billion

Reporting revenue of $2.01 billion for the fourth quarter of last year, Carlsberg produces beer (including non-alcoholic varieties) and distributes in all over Europe and beyond. Besides its eponymous brews, the company owns Tuborg, Kronenbourg 1664, and numerous other brands. It is said to market more than 500 different beers in all.

Source: Yoshi Canopus / Wikimedia Commons

11. China Resources Beer (OTC: CRHKF)
> Headquarters: Hong Kong, Hong Kong
> Market cap: $28.73 billion
> Assets: $6 billion

China Resources, whose best-known brew is Snow — representing about a fifth of all the beer sold in China — is a subsidiary of China Resources Holdings Company Ltd., a conglomerate owned by the Chinese government. At the end of 2020’s second quarter, the brewery reported revenue of $2.4 billion.

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