Nissin Foods to invest over 240 mln yuan in new Zhuhai plant

Instant noodle maker Nissin Foods (1475) said it will invest more than 240 million yuan (HK$262.16 million) to acquire land in Zhuhai, southern China, and build a new plant with automated production lines.

The plots, located in Jinwan district, cover a combined area of about 58,487 square meters.

Nissin said it has signed contracts for the land-use rights, with a total acquisition cost of 30.68 million yuan.

STAFF REPORTER