August 31 -- Kweichow Moutai (600519) intends to invest 1.02 billion yuan to increase its Moutai liquor production capacity by 2,500 tons, reports Shanghai Securities News, citing a company filing.

The firm will build 12 distilleries, each with a liquor production capacity of 200 tons. It will build a liquor production plant with annual production capacity of 100 tons.

The Guizhou-based firm expects the project to add sales revenue of 2.1 billion yuan after completion, with investment profit margin of 85 percent.

The company recorded net profit of 4.9 billion yuan in the first half of 2011, up 58.31 percent year-on-year.