Kerry in €20m China deal

KERRY Group is to spend €20 million to expand its food business in China, chief executive Hugh Friel announced in Shanghai last night.
Fri, 21 Jan, 2005 - 00:00
Paul O’Brien, China

The majority of the money will be spent on building a new manufacturing facility on a 16-acre green-field site in Hangzhou city in Zhejiang province.

The remainder will be spent on acquiring Lanli, a Chinese food business located in the same city.

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Place: ChinaPlace: ShanghaiPlace: HangzhouPlace: ZhejiangPlace: Asia-PacificPlace: BeijingPlace: GuangzhouPlace: Hong KongPerson: KerryPerson: Hugh FrielPerson: FrielPerson: TaoiseachPerson: Bertie AhernPerson: AhernOrganisation: Kerry GroupOrganisation: LanliOrganisation: Enterprise IrelandOrganisation: IrelandOrganisation: Chr Hansen
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