Japanese dairy firm Yakult to build its largest plant (in the world) in Wuxi

[Stranagor]

Japanese dairy firm Yakult to build its largest plant (in the world) in Wuxi

chinadaily.com.cn | Updated: 2020-04-21

Signing ceremony for Japanese dairy firm Yakult's new plant is held in Wuxi National Hi-tech District on April 16. [Photo provided to chinadaily.com.cn]

Japanese dairy firm Yakult signed a deal last week to expand its factory in the eastern Chinese city of Wuxi, Jiangsu province, making it the company's largest plant in the world.

Yakult will invest $300 million to build its second plant, aiming to meet fast growth in the Chinese market. The construction will start in August and is expected to finish by 2022.

Yakult's sales revenues in the Chinese market have seen continued double-digit growth in recent years thanks to the popularity of its probiotic dairy products among Chinese consumers.

Wuxi and Yakult have developed a friendly and co-operative relationship since 2013. As the COVID-19 epidemic broke out around the world, the two sides also exchanged medical protective materials to help against the virus.

Wuxi Party Secretary Huang Qin attended the signing ceremony and was bullish on the development of Yakult. Huang said the city government would provide a quality service for the new plant in the future, and expressed hope to deepen cooperation with Yakult.

The new plant is expected to lay a good foundation for expanding production capacity in China.

Susumu Hirano, general manager of Yakult (China) Investment Co, spoke highly of the measures Wuxi has taken to prevent and control the epidemic, adding that Yakult has seen rapid development in China thanks to quality government services and the business environment in Wuxi.

Yakult is one of the largest probiotic dairy product makers in the world. Its market share ranks first in both Chinese and world markets.

https://www.chinadaily.com.cn/a/202004/21/WS5e9e9144a3105d50a3d17baa.html

 

[Yankee-stani]

What happen to Japanese firms leaving

 

[Stranagor]

Roundup: Chinese bank ICBC facilitates smooth trade between China, Japan amid COVID-19

Xinhua, April 23, 2020


TOKYO, April 23 (Xinhua) -- As Japan is struggling to contain the spread of COVID-19, the Industrial and Commercial Bank of China (ICBC) Tokyo branch is promoting smooth trade and economic cooperation between China and Japan.

The Chinese bank has launched a special scheme dubbed Spring Irrigation Action to support work resumption around the world, providing cross-border financial services such as cross-border settlement and trade financing to support enterprises to cope with the impact of the pandemic.

As for the Tokyo branch, it supports cross-border business linkage to help Chinese enterprises expand exports on the one hand, and takes measures to support Japanese enterprises to combat the pandemic on the other.

Since the outbreak of the novel coronavirus, the Tokyo branch of the ICBC has opened a green channel to improve service quality and efficiency, offering services such as settlement, financing and consultation among Chinese and Japanese enterprises.

For example, after learning that a Chinese enterprise needed capital turnover and financing, the Tokyo branch of the ICBC immediately set up a team to review customers' credit qualifications and basic business information, and issued a sum of 600 million yen (5.57 million U.S. dollars) for short-term export trade financing, creating favorable conditions for the enterprise to resume work and production.

The Tokyo branch also helped another Chinese company to complete soybean procurement, which has been delivered to China.

Meanwhile, the Tokyo branch is taking steps to support the Japanese side fighting the outbreak.

It has cooperated with large local banks and provided 3.91 billion yen (36.31 million dollars) of forfeiting financing to well-known Japanese technology and equipment manufacturers, effectively promoting trade between Chinese and Japanese enterprises.

The Tokyo branch of the ICBC also contacted Japanese government agencies and local organizations to offer assistance in purchasing protective supplies to help local enterprises overcome difficulties. Enditem

http://www.china.org.cn/world/Off_the_Wire/2020-04/23/content_75968912.htm

 

[vi-va]

What happen to Japanese firms leaving

in VOA

 

[艹艹艹]

https://www.dairyreporter.com/Article/2020/04/20/Meiji-buys-stake-in-Chinese-dairy-farm-company

20-Apr-2020

Japanese company Meiji Co. Ltd. has acquired a 25% stake in AustAsia Investment Holding Pte LTD, which operates dairy farms in China.

The deal cost $254m, and Meiji said it will allow the company to expand its dairy business in China.

Meiji said it has signed a sale and purchase agreement with Japfa LTD, the shareholder of AustAsia, with AustAsia expected to become an equity-method affiliate of Meiji. Japfa also has dairy operations in Indonesia.

The Meiji Group said it aims to improve its long-term corporate value based on its Meiji Group 20206 Vision business plan. The company has focused on China as a priority area to achieve its goal.

Meiji said its milk, yogurt, ice cream and confectionery businesses in China are already expanding; in particular the demand for chilled milk has been growing in east China.

To address this, Meiji said it will expand production capacity at its existing Meiji Dairies (Suzhou) Co Ltd factory for milk and yogurt production from spring 2021, and will build a new factory in Tianjin, which is expected to be operational in the second half of the 2022 financial year.

AustAsia already supplies milk to Meiji’s dairy business. It has seven farms in China with around 80,000 cows.

 

[Beast]

What happen to Japanese firms leaving

@striver44 @F-22Raptor @DavidsSling

Care to explain? Maybe the Japanese who approve it need to be shot by u all, right?

 

[Daniel808]

@striver44 @F-22Raptor @DavidsSling

Care to explain? Maybe the Japanese who approve it need to be shot by u all, right?

But but but
According to those troller, China is doomed because Japanese companies is leaving China
Yakult and Meiji must be Chinese agent

 

[Beast]

But but but
According to those troller, China is doomed because Japanese companies is leaving China
Yakult and Meiji must be Chinese agent

You see those clowns dont even dare to reply. A tight slap on their face and their posting.

 

[Daniel808]

You see those clowns dont even dare to reply. A tight slap on their face and their posting.

They probably crying in their bathroom right now after seeing their propaganda 'japanese companies leaving China' didn't work, and even shunned by Japanese itself Pathetic

 

[kuge]

is yakuit really beneficial to health? i heard no

 

[Viva_Viet]

@striver44 @F-22Raptor @DavidsSling

Care to explain? Maybe the Japanese who approve it need to be shot by u all, right?

Explain ?? Its only for CN market, it means JP will keep sucking Cnese money while giving Nothing to CN.

Can the milk export to other countries?? No can not, ppl will use Newzealand, US milk or even VN milk instead . JP milk is as toxic as CN sanlu milk .

 

[Suika]

@striver44 @F-22Raptor @DavidsSling

Care to explain? Maybe the Japanese who approve it need to be shot by u all, right?

Well I'm not one of the above three mentioned but here's an explanation.

The companies that are remaining in China or even boasting presence in China are about having access in the China market. The companies that are leaving are companies that involved China into part of supply chain system.

Explain ?? Its only for CN market, it means JP will keep sucking Cnese money while giving Nothing to CN.

Can the milk export to other countries?? No can not, ppl will use Newzealand, US milk or even VN milk instead . JP milk is as toxic as CN sanlu milk .

It gets really tirsome how things are always being pushed into a zero-sum game of geo-politics.

 

[casual]

is yakuit really beneficial to health? i heard no

Too much sugar content like most drinkable yogarts. But it sure tastes good.