Tianjin Updates

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

(xinhua)

Updated: 2020-05-22

Swiss food giant Nestle announced an additional investment of 730 million yuan ($102 million) 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.


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