Nestle invest $35M in pet food in China
To extend its product portfolio in China, Nestle announced an additional investment of 230 million yuan (about 35.11 million U.S. dollars).
Following an investment of 730 million yuan in May 2020, Nestle officially launched two phases of the investment projects for dry pet food and wet canned-food production lines.
The first phase of the investment, which will go into operation by the end of 2021, is focused on developing high-end products and veterinary pet-food production capacity. The second phase will introduce advanced technology and facilities for the production of wet canned pet foods.
Source: China.org.cn