Japanese dairy firm Yakult signed a deal last week to expand its factory in the eastern Chinese city of Wuxi, Jiangsu province, making it the company’s largest plant in the world.
Yakult will invest $300 million to build its second plant, aiming to meet fast growth in the Chinese market. The construction will start in August and is expected to finish by 2022.
Yakult’s sales revenues in the Chinese market have seen continued double-digit growth in recent years thanks to the popularity of its probiotic dairy products among Chinese consumers
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