CHINA: China Nutrifruit to launch paste range with facility completion
China Nutrifruit is to launch a range of concentrate pastes with the completion of a RMB90m (US$13.9m) production facility in Heilongjiang Province next month.
The fruit-based products producer is set to complete construction of its concentrate paste production facility in Zhaoyuan and begin trial production next month. The plant is expected to have an annual product capacity of 9,600 tons, it said today (22 June).
The multi-purpose facility will cater to the raw material requirements of the company's fruit and vegetable powder production plant. Trial production will begin with concentrate tomato paste towards the end of July.
"The construction of our new multi-purpose concentrate paste production facility is making significant progress and is on track to begin trial production at the end of July 2011," said China Nutrifruit's CEO, Changjun Yu. "This facility will come online in time for our peak production season, contributing to our fiscal year 2012 operations."
He added: "We have conducted extensive research on our new concentrate tomato paste product and expect to begin trial production following a ramp up of production capacity to include other multi-purpose concentrate paste products. With the introduction of our new products, including concentrate paste and fruit and vegetable powder, we expect to deliver strong financial and operational performance in fiscal year 2012."
The firm this morning said it achieved a "record financial performance" in fiscal 2011 and plans to further expand production capacity in 2012.
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