China: Vitasoy to invest $154 million in new facility

Vitasoy, a manufacturer and distributor of plant-based food and beverages,  has announced a 1.21 billion HKD ($154 million) investment to build a new manufacturing facility in Dongguan, China.

100,000 sq m in size, the Vitasoy facility will be the firm’s largest production facility in mainland China and it is expected to be operative by 2021.

Winston Lo Vitasoy’s executive chairman commented, “Mainland China is now our biggest and fastest growing market. The new Dongguan production base will be Vitasoy’s biggest plant, but our commitment and determination goes beyond scale. The new plant will also provide us with adequate production capacity to support our future expansion”.

“We are determined to grow a healthy and sustainable business which can represent a model for the future and can contribute to the health of the communities we serve in Mainland China”.

Source: Vitasoy