CHINA: Construction start-up on planned $26,000,000 food ingredients and flavorings plant is tentatively scheduled to begin in mid-2005, KERRY GROUP PLC [Ireland] - Order #: 020305.

WWP-Business Opportunities in Asia & the Pacific, February, 2005

PROJECT OVERVIEW:

The Ireland-based KERRY GROUP PLC is currently gearing-up to expand its presence in China. In so doing, the company intends to acquire the local HANGZHOU LANLI FOOD INDUSTRY CO. LTD. and build a new food ingredients and flavorings plant In addition, KERRY is expected to establish manufacturing, technical and administrative facilities in Hangzhou in Zhejiang Province.

According to Hugh Friel, KERRY Chief Executive Officer, with changing consumer trends and nutrition requirements, particularly in the major population centers of the vast Chinese market, this region will become a major focus for the group in the decade ahead. The company's focus will reportedly be on opportunities in the food processing and food service sectors,...

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