Hong Kong-listed snack food group Tingyi and Japanese ham and sausage firm Prima Meat Packers is to set up a venture in China to manufacture meat products.

The two companies have struck a deal to set up a business in Wujian in China’s eastern Jiangsu province.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Tingyi will invest US$14.4m in the venture, in which it will hold a 60% stake. Prima will own the remaining 40%.

Tingyi, the leading producer of instant noodles in China, said today (18 May) the venture would “further strengthen” its “instant food business” in the country. The deal would also lead the company to produce and distribute “an even more diversified range of food products” in China.

The deal is the latest Chinese venture for Tingyi. Last month, it announced plans for a snacks business with Japanese groups Calbee and Itochu. Prima counts Japanese conglomerate Itochu as one of its investors. Itouch owns a 40% stake in Prima.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now