Source: Xinhuanet

07-19-2007 18:52

Peter Brabeck, chairman and CEO of Nestle Group Worldwide

Swiss food and beverage giant Nestle yesterday inaugurated a new milk product factory in northern China's Inner Mongolia Autonomous Region in a move to take bigger share of the Chinese market.

With an initial investment of 130 million yuan, the Nestle Hunlunbuir facility is the company'sthird dairy factory in China, following one in Shuangcheng, Northeast China's Heilongjiang Province and an operation in Qingdao, East China's Shandong Province.

Nestle's wholly owned Hunlunbuir factory will make milk powder by processing some 600 tons of milk a day, said Peter Brabeck, chairman and CEO of Nestle Group Worldwide.

Nestle, which does not own farms in the Inner Mongolia, procures fresh milk from 40,000 farmers, generating a total regularincome of 3 million yuan a day.