Tsingtao Beer would establish its first overseas factory in Bangkok of Thailand.

The factory is a cooperation projects between the city's brand beer brewer and Thailand's Namyong Industrial Co., Ltd..

The factory is designed to have a yearly production capacity of 20万千升?, according to Jin Zhiguo, the president of the Tsingtao Beer.

The factory is scheduled to be completed within 18 months and goes into operation in 2013.

The former prime minister of Thailand said that, the Tsingtao Beer's investment in Thailand would be helpful to increase the country's employment, develop its raw material production and boost local economy.

The close and wide-ranging cooperation between China and Thailand has laid a solid foundation for the Chinese investment in Thailand.

Overseas investments by big Chinese enterprises such as Tsingtao Beer and Haier are expected to play a leading role among other Chinese enterprises and open a window for Thailand enterprises to make investments in China.

(Li Hao, Lin Ning)