WANT WANT CHINA BUILDS USD107 MILLION DAIRY DRINKS BASE
February 1st, 2016
China food manufacturing major the Want Want Group, has invested Chinese Yuan Renminbi CNY700 million (USD107 million) in a factory that will be the company’s biggest.
Spokesperson Zhu Jiwen said this new “model plant” is also “the group’s biggest investment in the mainland.” Testing is now underway on the production lines, according to local Chinese language media. Located alongside the company’s existing plants just outside Changsha, central Hunan province, the new base will manufacture dairy-based drinks with sales projected to be worth CNY6 ...
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