JAPAN: Nissin invests in global R&D centre
Nissin invests in R&D capability
Japanese food group Nissin Foods Holdings has invested JPY6.3bn (US$61.8m) to expand its global research and development and food safety capabilities.
The WAVE, Nissin's new facility, will house the group's global R&D and food safety activities. It is based in Tokyo and opens tomorrow (5 March).
The site doubles the size of Nissin's National Food Research Institute, the company said. The facility will strengthen Nissin's technical innovation capabilities, Nissin added.
Nissin revealed the investment was prompted by growing global demand for noodle products. The company is focused on expanding its international sales and has developed noodle products to meet local needs.
Nissin also stressed it must innovate in order to drive growth in its domestic market.
In addition to Nissin's noodle business, the site will house Nissin's R&D facilities for its frozen, beverage and confectionery operations.
- Murray Goulburn's FY results - 7 things to learn
- Interview, part 1: Emmi CEO Urs Riedener
- Why Jet.com purchase could boost Wal-Mart online
- Nestle on China, candy, nutrition - analysis
- Brands and own-label do battle in western Europe
- Australia launches dairy sector probe
- Mondelez abandons Hershey pursuit
- Arla points to branded growth as group sales slide
- Samworth buys Euphorium bakery in UK
- Tyson faces investor scrutiny on ethical issues