Uni-President will look to expand in China

Uni-President will look to expand in China

Uni-President Enterprises Corp is investing US$100m in two new plants in mainland China, according to local reports. 

The Taiwan-based beverage and food giant is set to spend US$30m on a bottled water plant in Jilin Province, northeastern China, the Taiwan Economic News website reported today (21 December). The remaining $70m will be used to build a beverage and instant noodles factory in Beijing, according to the report. 

Uni-President has 24 factories in China, producing food, beverage and bottled water products. 

Shares in the company are today up 0.57% at TWD53.30 on the Taiwan Stock Exchange