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.
Copyright © Tianjin Municipal Government.
All rights reserved. Presented by China Daily.
京ICP备13028878号-35