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April 27, 2020

Yakult to build another plant in China

Japanese food and beverage group Yakult is to set up another production facility in one of the company's important overseas markets.

By Dean Best

Japanese food and beverage group Yakult is to set up another production facility in one of the company’s important overseas markets.

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The company is to construct its seventh factory in China, state news agency Xinhua has reported.

Yakult conducted the signing ceremony to rubber-stamp the plans for the plant, which will be in the eastern Chinese city of Wuxi. The business already has a production facility, its largest in China, in the city, which is located in Jiangsu Province.

Construction of the new factory will start in August, with the plant scheduled to be up and running in 2022, Xinhua reported.

Yakult started production in China in 2002. The company’s other factories in the country are in Shanghai, Tianjin and Foshan.

The group’s financial year runs to the end of March. The most recent set of results Yakult has issued were for the nine months to the end of December 2019, when the company’s sales in China rose 1.1% to JPY8.16bn (US$76.1m). Overall, Yakult’s sales during the period dipped 0.7% to JPY312.9bn.

Related Companies

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

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