The foreign milk powder giant, Danone, invested 80 million RMB (US$12.23 million) to upgrade Danone’s first milk powder production plant in China which is expected to open during Q1 2021 with an annual output of 10,000 tons. The investment consists of 60 million RMB (US$9.17 million) for production line transformation investment, and 20 million RMB (US$3.06 million) for information software investment.
According to the disclosed schedule, the upgrading project plans are to install the equipment in January . . .
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