by winston » Wed Aug 18, 2010 3:44 pm
Not vested
DJ Uni-President China To Expand Kunming Plant To Supply Southeast Asia
May 27, 2010
TAIPEI (Dow Jones)--Instant noodles and drinks maker Uni-President China Holdings Ltd. (0220.HK) plans to expand its new plant in Kunming, in the Chinese province of Yunnan, as part of its effort to meet growing demand in Southeast Asia, a public relations official with the company's parent, Uni-President Enterprises Corp. (1216.TW), said Thursday.
'Southeast China is important, but this plant will also supply Southeast Asia,' the official, who declined to be named, said.
Uni-President China held an opening ceremony for the new Kunming plant, its 14th in China, on Wednesday.
The company invested US$50 million in the plant, which has an instant noodles production line with a monthly capacity of 700,000 boxes and a drinks line with a monthly capacity of 800,000 boxes.
Uni-President China plans to increase the number of instant noodle production lines at the plant to five and the number of drinks lines to three, the official said, declining to say how much the company would invest in the expansion.
Uni-President China is the country's second-largest diluted juice maker by market share behind Coca-Cola Co. It is also China's second-largest ready-to-drink tea maker after Tingyi (Cayman Islands) Holding Corp., and the third-largest instant noodles maker after Tingyi & Nissin Hualong Foods Co.
Uni-President China is the Hong Kong-listed unit of Uni-President Enterprises, Taiwan's largest food producer by revenue. Uni-President Enterprises holds a 73.49% stake in Uni-President China.
Uni-President Enterprises said in February it will invest US$140 million to build its third aquatic feed plant in Vietnam to meet growing local demand.
Source: Alex Pevzner, Dow Jones Newswires
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