Hong Kong-based food and beverages company Vitasoy International Holdings Limited announced the construction of its new manufacturing plant in Changping Town, Dongguan City of the Guangdong Province in mainland China.
The new plant will provideVitasoy with adequate production capacity to support its future expansion. The 1 billion yuan ($143.6 million) investment will include the price for land use right and the estimated cost of construction and production equipment of the new plant.
The new plant will be designed and built based on leadership in energy and environmentally designed by Gold certification standards by the U.S. Green Building Council to support Vitasoy's commitment to sustainable development and efficient use of resources.
The new Dongguan plant will be built on a land parcel encompassing 100,000 square meters. Upon completion in 2021, it will be Vitasoy's largest production base in Mainland China. Vitasoy will invest approximately $143.6 million in phases for the construction of the new plant. Production is expected to commence in 2021.