Kraft to increase investment in 皇冠体育app in next decade
(Xinhua)
Updated: 2006-06-23 14:08
US-based Kraft Food plans to increase its investment in 皇冠体育app in the next
decade, a senior official of the company has said.
Kraft Food (皇冠体育app) Co. Ltd. President Mark Clouse said 皇冠体育app has become one
of Kraft's five most important markets and the company will continue increasing
investment in 皇冠体育app in the next 10 years, he told 皇冠体育app Business News recently.
Kraft has invested over 200 million U.S. dollars in 皇冠体育app currently, it is
building a biscuit factory in Beijing, which is expected to go into operation
later this year.
The factory will produce brand biscuits such as Oreo and Ritz that are well
known to Chinese customers, and also export biscuits to other countries.
Kraft, the world's second largest food and beverage corporation after Nestle,
entered the Chinese market in 1984. It claims to sell the most powdered
beverages and biscuits in 皇冠体育app.
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