ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jul 02, 2019 18:20 JST
Source:
Nissin Foods Co., Ltd.
Nissin Foods Plans to Invest approx. RMB180 Million to Build a New Production Plant in Zhuhai
HONG KONG, Jul 02, 2019 - (ACN Newswire) - Nissin Foods Company Limited (the "Company", together with its subsidiaries, the "Group"; Stock code: 1475) today announced its plans to invest about RMB180 million to build a new production plant in Zhuhai, the People's Republic of China ("PRC") for manufacturing packaging materials to facilitate its business growth and development in the PRC and Hong Kong.
Today, Nissin Foods (China) Holdings Company Limited, a wholly-owned subsidiary of the Group, has signed an equity transfer agreement with Grandview China Holdings Limited to acquire its entire equity interest in UNI-INTEC (Zhuhai) Scientific Technology Co., Ltd.*, which owns the land use rights of an about 30,000 sq.m. site in Zhuhai, the PRC ("the site"). After the acquisition is completed, the Group intends to spend about RMB180 million to build the said plant on the site for manufacturing packaging materials, and targets to complete its construction by 2021.
Mr Kiyotaka Ando, Executive Director, Chairman of the Board and Chief Executive Officer of Nissin Foods, said, "Since becoming listed in 2017, we have been actively and at the same time cautiously looking for opportunities to invest in appropriate facilities and partnership to enhance production efficiency and support our diversified product portfolio. The acquisition and the construction of the new plant will enable the Group to better mitigate production costs and reap greater synergies from its production facilities operating in concert. Looking ahead, we will continue to examine M&A opportunities that promise to boost our strength in enlarging market share and delivering considerable growth, and ultimately, enable us to bring sustainable returns to shareholders."
*For identification purpose only
For details, please refer to the announcement:
https://www1.hkexnews.hk/listedco/listconews/sehk/2019/0702/ltn201907021468.pdf
About Nissin Foods Company Limited
Nissin Foods Company Limited (The "Group"; Stock code: 1475) is a renowned food company in Hong Kong and the PRC with a diversified portfolio of well-known and highly popular brands and the largest instant noodle company in Hong Kong. The Group officially established its presence in Hong Kong in 1984. The Group primarily manufactures and sells instant noodles, frozen foods and other food products under its two core corporate brands, namely "NISSIN" and "DOLL" together with a diversified portfolio of iconic household premium food brands. The Group's five flagship product brands, namely "Cup Noodles", "Demae Iccho", "Doll Instant Noodle", "Doll Dim Sum" and "Fuku" are also among the most popular choices in their respective food product categories in Hong Kong. In the PRC market, the Group has introduced technology innovation in "ECO Cup" concept into the market and primarily focuses its sales efforts in first and second tier cities located in eastern and southern parts of the PRC. For more information, please visit www.nissingroup.com.hk.
For media enquiries:
Nissin Foods Company Limited
Public Relations Department
Blanche Wong / Riko Lee
Email:
pr@nissinfoods.com.hk
For investor enquiries:
Nissin Foods Company Limited
Investor Relations Department
Shingo Yamazaki / Peter Kwok
Email:
ir@nissinfoods.com.hk
Strategic Financial Relations Limited
Vicky Lee Tel: (852) 2864 4864 Email:
vicky.lee@sprg.com.hk
Tika Lum Tel: (852) 2864 4806 Email:
tika.lum@sprg.com.hk
Tracy Zhang Tel: (852) 2864 4892 Email:
tracy.zhang@sprg.com.hk
Source: Nissin Foods Co., Ltd.
Sectors: Daily News, Crypto, Exchange
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
Jul 03, 2025 11:14 JST
Mitsubishi Motors Launches the All-New Grandis for the European Market
Jul 02, 2025 12:10 JST
Valuufy partners with Mainichi Future Creation Lab, Supporting New Approaches to Business Sustainability
Jul 02, 2025 12:00 JST
Fujitsu launches solution to enhance customers' global supply chain resilience
Jul 02, 2025 11:32 JST
MHI Receives Order to Supply Four Circulating Water Pumps for Units 5 and 6 of Sanmen Nuclear Power Plant in China Under Collaboration with Dongfang Electric Machinery
Jul 02, 2025 11:30 JST
Multi-purpose Arena in Odaiba Aomi Area TOYOTA ARENA TOKYO Construction Completed
Jul 01, 2025 22:56 JST
1Finity, a Fujitsu company, commences operations and reveals brand identity
Jul 01, 2025 22:53 JST
MHI Thermal Systems Begins Field Test of Jointly Developed "Surplus Renewable Energy Absorption and Release System"
Jul 01, 2025 22:40 JST
Japan's Telecommunications Carriers Strengthen Disaster Response Through Collaborative Information Sharing
Jul 01, 2025 22:30 JST
JCB and Mandai Wildlife Group Deepen Partnership with exclusive discounts for JCB cardmembers
Jul 01, 2025 16:00 JST
Fujitsu provides Japan's first AI-powered cloud-based library search service
Jul 01, 2025 11:30 JST
JCB Brings Apple Pay to Cardmembers in Vietnam
Jul 01, 2025 11:15 JST
First Shipment of LNG from the LNG Canada Project
Jul 01, 2025 11:00 JST
Approval in Principle (AiP) for World's First LCO2 / Methanol Carrier
Jun 30, 2025 20:30 JST
Acropolis Rally Greece: Day 4 Sunday success and second overall for TOYOTA GAZOO Racing's Ogier
Jun 30, 2025 20:15 JST
Mitsubishi Fuso-Hino Merger: 4 Firms Collaborate for the Future of Commercial Vehicles
Jun 30, 2025 20:10 JST
Six Companies Establish BlueRebirth Council to Expand Use of Recycled Materials in New Vehicles
Jun 30, 2025 19:25 JST
Honda Changes Plan to Build New Production Plant for Next-generation Fuel Cell Module in Japan
Jun 30, 2025 19:20 JST
MHI-AC&R Receives Recommendation Award of JARAC's 42nd Excellent Energy Saving Equipment Awards
Jun 30, 2025 19:00 JST
The University of Osaka and Fujitsu Japan launch joint research on AI-powered education support for culturally and linguistically diverse children in Japan
Jun 30, 2025 12:00 JST
More Latest Release >>
Related Release
Nissin Foods Announces 2025 Q1 Financial Results
May 13 2025 12:47 JST
Nissin Foods Announces 2024 Annual Results
March 26 2025 13:11 JST
Nissin Foods Enters into JV Agreement with Nissin Asia
November 11 2024 16:12 JST
Nissin Foods Announces 2024 Q3 Financial Results
November 11 2024 13:39 JST
Nissin Foods Acquires Australia Frozen Food Manufacturer ABC Pastry
September 27 2024 21:48 JST
Nissin Foods Announces 2024 Interim Results
August 28 2024 16:58 JST
Nissin Foods Becomes a Constituent of MSCI Global Micro Cap Index (MSCI Hong Kong Index)
August 14 2024 17:14 JST
Nissin Foods Acquires Korean Snack Manufacturer Gaemi Food
June 03 2024 19:42 JST
Nissin Foods Announces 2024 Q1 Financial Results
May 13 2024 12:52 JST
Nissin Foods Announces 2023 Annual Results, Net Profit Up 5.6% to HK$330.2 Million
March 26 2024 12:40 JST
More Press release >>