Nestle Invests $102 Million In China Amid Trade Tension


Swiss food giant Nestle announced an additional investment of 730 million yuan (about 102 million U.S. dollars) Wednesday to strengthen its business operation in China.

Nestle and the administrative committee of the Tianjin Economic-Technological Development Area (TEDA) signed a memorandum of understanding (MoU) on cooperation to build a plant-based product manufacturing facility, and boost the capacity of its local pet food factory.

READ  Football Players In Germany Go Pants Down In Artist Protest

The production line with a designed annual capacity of 8,000 tonnes will be Nestle’s first of its kind in Asia.

Nestle opened its first factory in north China’s Tianjin in 1994.


Related Posts

Leave a Reply

Your email address will not be published.