Uni-President to Invest US$100 M. to Build 2 Factories in China

Dec 21, 2012 Ι Industry In-Focus Ι General Items Ι By Steve Chuang, CENS
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Taipei, Dec. 21, 2012 (CENS)--The Taiwan-based Uni-President Enterprises Corp., the largest food and beverage supplier on the island by market share now, announced a US$100 million investment, via its reinvested company Uni-President China Holdings Ltd., in building a food and a bottled water factory in different locations in China.

According to the company, US$30 million of the announced budget will be used to set up a bottled water plant in Jilin Province, northeastern China, which will enable it to secure ample local supply of mineral water to boost its sales nationwide in the country, while the remainder will be poured into constructing a food factory of beverage and instant noodles in Beijing.

The company indicated that prospects of China's domestic consumer market are bright, providing food and beverage suppliers a solid basis of growth. To seize the tremendous business opportunities, the company will step up investments in the country in the next two years, with the aim to operate a manufacturing base in each of provinces as its short-term objective.

Presently, Uni-President has had a total of 24 food, beverage and bottled water factories in China. So far in 2012, the company has spent RMB1.4 billion on new equipment and factory expansion to achieve overall capacity 40% larger than 2011.

Following years of business deployments, the Taiwanese food and beverage giant has seen the efforts gradually paying off. In the past three quarters of 2012, Uni-President China Holdings raked in US$127 million (about NT$3.687 billion) in net profits, sharply soaring 171% from a year earlier. Riding on a year-end sales season during the fourth quarter, the reinvested company is expected to finish the whole year with revenue of over NT$100 billion and net profits of between NT$4.5 billion and NT$5 billion.
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