December 15, 2011
Yihai Kerry Investment Co, the Chinese subsidiary of Singapore-based Wilmar International Ltd, plans to invest RMB1.32 billion (US$208 million) in sugar and wheat processing projects in Dongguan of Guangdong province.
Yihai will build facilities in the coastal city to produce wheat gluten, sugar substitutes and sugar syrup, with an annual capacity of about one million tonnes, the Dongguan government said Wednesday (Dec 14).
It did not specify output breakdown of each product or when the projects will be completed.
Yihai Kerry is China's largest oilseed crusher in terms of capacity.