Business Intelligence on Retailing, Franchising, and Consumerism in China

Master Kong To Build Food And Beverage Base In Xinjiang

Master Kong Holdings Company has formally signed a cooperative agreement with Urumqi Economic and Technological Development Zone to invest USD36 million to build a food and beverage operation in the area.

Meng Zhipeng, director for the Management Committee of the Urumqi Economic and Technological Development Zone, said that on the completion of the project, it will play an important role in attracting food and beverage companies to the development zone and will help to establish the largest food and beverage manufacturing base in Xinjiang.

It is reported that the total investment of USD30 million will be divided into three parts and USD20 million will be put into use in the first phase. After the project is put into operation fully, its output is expected to be over CNY1 billion.

As one of the world's top 500 companies, Master Kong Holdings has developed its businesses into such sectors as convenience food, beverage, pastries, and cold storage. By 2007, Master Kong's total investment had reached USD2.469 billion, with bases in more than 40 Chinese mainland cities, about 40,000 employees, and total revenue of USD3.2 billion.

Be the first to comment on "Master Kong To Build Food And Beverage Base In Xinjiang"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco