Swiss food giant Nestle on Wednesday announced an additional investment of 230 million yuan (about 35.11 million U.S. dollars) in pet food products to extend its product portfolio in China.
Following an investment of 730 million yuan in May 2020, Nestle officially launched two phases of the investment projects for dry pet food and wet canned-food production lines.
The first phase of the investment, which will go into operation by the end of 2021, is focused on developing high-end products and veterinary pet-food production capacity. The second phase will introduce advanced technology and facilities for the production of wet canned pet foods.
Nestle will also establish "smart" storage facilities for the pet food business to realize smart manufacturing and logistics.
"The Chinese market has shown increasingly strong demand for high-quality pet food in terms of raw materials, nutrition and taste," said Mirand Chan, head of Nestle Purina PetCare Greater China.
Nestle, founded in 1866, is a global food and beverage company headquartered in Vevey, Switzerland. China is Nestle's second-largest market in the world.