November 11, 2011
China's baby milk producer Beingmate Group Co Ltd announced Wednesday (Nov 9) that it plans to invest RMB590 million (US$93 million) in a formula milk powder production plant in Heilongjiang province.
Beingmate will inject RMB80 million (US$93 million) into the unit in the initial stage. After the completion of the project the unit will be able to produce 50,000 tonnes of infant formula milk powder every year.
Besides producing infant food covering milk substitutes, weaning foods and dietary supplements of more than 200 varieties, the Zhejiang-based company also involves in the manufacturing of various maternal and child supplies.