NICHIREI AIMS GROWTH IN CHINA, BUILDING NEW PLANT
September 1st, 2010
BY WANG FANGQING
JAPAN'S largest frozen foods manufacturer Nichirei Foods Inc, is to invest about Japanese Yen JPY5 billion (US dollar USD59.7 million) in Shanghai to build a new Chinese factory in 2011. The plant will produce frozen foods such as pasta and rice pilaf, with an expected production capacity of 2,000 tonnes per month, almost the same as Nichirei's largest factory in Chiba prefecture, Japan. Products will be specifially developed for the Chinese market, with prices 75% than in Japan. Nichirei expects annual sales of JPY25 billion (USD298.6 million) ...
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