The move comes as the company is enjoying fast growth in the Chinese market thanks to the popularity of its probiotic dairy products among Chinese consumers.
Yakult will invest 100 million U.S. dollars to expand the plant it built in Wuxi in Jiangsu Province in 2015, adding 15,000 square meters of floor space and six production lines, according to the deal.
The project, expected to be completed in June 2019, will make the Wuxi factory Yakult’s largest plant in China with an area of 31,900 square meters and production capacity of an estimated four million units per day.
“Yakult’s sales revenue in the Chinese market has continued double digit growth in recent years,” said Susumu Hirano, general manager of Yakult (China) Investment Co. Ltd., “The new plant is expected to lay a good foundation for expanding production capacity in China.”
“We are happy to see Yakult’s fast development in Wuxi in recent years,” said Huang Qin, acting mayor of Wuxi, “In the future, we hope Yakult can further expand its operations in the city.”
Huang said the city government would provide quality service for the new plant in the future, and expressed hope to deepen cooperation with Yakult.
Yakult, one of the largest probiotic dairy product makers in the world, has four production bases and 42 subsidiaries in China. The Chinese market accounts for more than 10 percent of its global production.
Any claim arising from the information contained on the eDairy News website shall be submitted to the competence of the ordinary courts of the First Judicial District of the Province of Cordoba (Primera Circunscripción Judicial de la Provincia de Cordoba), Republic of Argentina, in the city of Córdoba, excluding any other jurisdiction (Federal jurisdiction is also excluded).
Criteria in the moderation of comments that eDairy News will take into consideration in all its publications.
They will not be considered insults of any kind against anyone,, whether a user, moderator or publisher. Complaints made with the name and surname of the author of the commentary will only be accepted after confirmation by the moderator.
Unsubstantiated and gratuitous destructive criticism or expressions of bad taste, whether offensive, racist or xenophobic.
SPAM, (Insert links to web pages not related to the subject, provide emails, etc...)
Comments that are meaningless with the footnote or the dairy sector.