Leading Taiwanese food manufacturer to build new factory in E China
Taiwan's leading food manufacturing company, the President Enterprises Corporation, will spend 100 million U.S. dollars to build a new factory in east China's Jiangsu province, local authorities said.
A groundbreaking ceremony for the factory's construction was held on Monday in the city of Suzhou. The factory, as well as another 335 related projects, will be built in the province at a total cost of 188.26 billion yuan (about 30 billion U.S. dollars), according to the municipal government.
The new factory of the President Enterprises will be built in the province's city of Kunshan, featuring 40,000 square km of office buildings and production facilities with eight beverage production lines and a research and development center, according to local officials.
The President Enterprises Corporation's first factory in Kunshan was built in 1993 at a cost of 143 million U.S. dollars and is the corporation's largest factory on the Chinese mainland.
