Tetra Pak to invest US$99 million - food tech news in asia

Swedish packaging giant Tetra Pak announced to invest 700 million RMB (US$99 million) in China’s “capital of milk” Hohhot, the capital of the Inner Mongolia autonomous region, to build its largest and intelligent capping factory, which is expected to be operational in early 2021, with a maximum production capacity of 10 billion caps a year. Up to now, Tetra Pak’s cumulative investment in the Chinese market has reached 4.46 billion RMB (US$630 million).

The capping factory will mainly produce 'The Dream Cap', a resealable cap . . .

This content is restricted to members only. Please press this link to register. Already a member? Please login.

You May Also Like

Chinese fruit retail chain Pagoda prepping overseas IPO

According to the disclosure on the website of China Securities Regulatory Commission,…

Tim Hortons China and Sinopec “Easy Joy” convenience stores started working together

On July 26, Tim Hortons China announced its business cooperation with Sinopec…

Beyond Meat is accelerating in China

The plant-based giant, Beyond Meat, is accelerating its business activities in China;…