Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Company

Nestle to further invest 102 million U.S. dollars in China

May 21, 2020


Abstract : Swiss food giant Nestle announced an additional investment of 730 million yuan (about 102 million U.S. dollars) Wednesday to strengthen its business operation in China.

TIANJIN, May 21 (Xinhua) -- Swiss food giant Nestle announced an additional investment of 730 million yuan (about 102 million U.S. dollars) Wednesday to strengthen its business operation in China.

Nestle and the administrative committee of the Tianjin Economic-Technological Development Area (TEDA) signed a memorandum of understanding (MoU) on cooperation to build a plant-based product manufacturing facility, and boost the capacity of its local pet food factory.

The production line with a designed annual capacity of 8,000 tonnes will be Nestle's first of its kind in Asia.

Nestle opened its first factory in north China's Tianjin in 1994. Enditem

Scan the QR code and push it to your mobile phone

Keyword: China Nestle

Reading:

Industrial Bank approved to set up representative office in London

China-Europe cargo train carries goods back to Guangzhou for first time

China's central bank, market regulator sign data sharing MoU

China to facilitate int'l e-commerce forex settlement

China holds online epidemic prevention and control conference with Mongolia

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial