President Group, Taiwan’s leading food and beverage manufacturer, has invested US$50m to set up a food processing plant in China.
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Spanning across an area of 94,000 square metre, the facility is located in Yunnan’s Kunming Chenggong New District Dachong Industrial Zone.
President’s fourteenth plant in the mainland consists of five production lines designed to manufacture instant noodles, drinks and bottles.
The company intends to include an additional five production lines in the future to cope with the increasing demand for its products.
Slated to become fully operational in August 2009, the plant is projected to produce approximately $72.9m-worth of goods in its first year of operation.
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By GlobalData
