PepsiCo, the global snacks and drinks giant, has announced plans to build a Quaker Oats production facility in China in collaboration with Jiangsu Rilong Food.
Involving an investment of 500 million CNY ($68.6 million), the plant will cover an area of 100,000 sq m and deliver up to 160,000 tonnes of cereal annually.
Commenting on the move, Jiangsu Rilong Food chairman Chen Jiancong said: “Rilong has more than 20 years of experience in oatmeal processing and production. The pursuit of excellence in quality has made Rilong and PepsiCo, which shares the same ideals, become long-term partners”.
PepsiCo CEO Asia-Pacific region Changan Xie added: “This strategic cooperation is an important part of PepsiCo’s active support for the ‘Healthy China’ strategy, focusing on the innovative development of healthy food. […] It is also another example of PepsiCo’s continued optimism about the Chinese market, deepening its layout in China, and actively seizing new opportunities from China’s high-level opening up”.
The facility is expected to start production before the end of the year and is designed to produce more than 10 oatmeal variants, as well as versatile packaging options.
Source: Just Food / China Daily