Global consumer goods giant Unilever has laid the groundwork to expand its China food production base, showing the industry leader’s confidence in the Chinese consumer market’s potential and its commitment to continue its investment in the country.
Located in Taicang, Jiangsu province, Unilever’s China food production base will attract a total investment of 100 million euros ($113 million), making it the largest investment that Unilever has approved in its food business sector in recent years.
With a planned area of around 63,000 square meters, the production base is scheduled to start operation in early 2022. The facility will initially be used to produce the company’s signature Wall’s ice cream and will have an annual capacity of 150,000 metric tons. Production lines for tea bags, sauces, seasonings and other food products will be introduced at a later stage in the planned space. The entire project will be able to support Unilever’s production in China for five to 10 years.
The base will be upgraded from the standing Taicang factory, which was put into use in the 1990’s.
Statistics from the Ministry of Commerce showed that the amount of utilised foreign capital in the country reached 68.63 billion yuan in May, up 7.5 percent year-on-year. For more visit china.org.cn/