7 August 2008 – Taiwan's President Group has invested USD50 million in setting up its 14th food processing facility on the Chinese mainland, government sources revealed.
The facility, covering a 94,000 square metre area, is located in Yunnan’s Kunming Chenggong New District Dachong Industrial Zone.
Work will start in September on the construction of five production lines, two for the manufacture of instant noodles, one for drinks and one for bottles. All five production lines should be operational as of August 2009.
The facility will produce an estimated RMB500 million (USD72.9 million) worth of goods during its first year of operation.
President Group plans to later add five production lines, three for instant noodles, one for drinks and one for bottles, in a bid to meet rising demand for its products.