Nestlé invests in China pet food market

In the last 11 months, Nestlé has invested over 1 bn yuan (approx. 129 mio euros) in expanding its pet food manufacturing in Tianjin, China. This is according to a report by the online industry magazine PetfoodIndustry.com.
The company recently topped up its over 730 mio yuan (approx. 94.17 mio euros) investment made in May 2020 with 230 million yuan (29.67 mio euros) to support a two-phase improvement to its pet food plant in the Tianjin Economic-Technological Development Area.
The first phase of the company's expansion plan aims to ramp up the factory's production of veterinary pet food using high-end prescription grain production facilities. It will be the company's first such plant in China, Oceania and Africa and its fourth in the world, Nestlé said. Production should start by the end of 2021. The second phase, happening in the first quarter of 2023, will see the construction of a new pet food canning line that will produce customised, high-end wet canned products for the local Chinese pet market.