Kerry boss optimistic on China move

KERRY Group chief executive Hugh Friel says he is “optimistic but cautious” about opportunities in the fast-growing Chinese market, where the group has made its first acquisition and initiated a €20 million development programme.

Kerry boss optimistic on China move

The global food company, which now has manufacturing facilities in 20 countries, is building a multi-processing plant and technical centre on a 16-acre site located in a 100-square mile industrial zone, outside Hangzhou in the south.

“We will be transferring technology from elsewhere to China. Many of our major international customers for ingredients have established bases in China and we will be focusing on the nutritional, dairy, flavoured noodle, brewing, flavoured beverage, snack and bakery market segments,” he said.

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