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Nestle expanding ice cream business in South China
date:Apr 07, 2013
Swiss food group Nestle will invest 500 million yuan ($81million) to triple its ice-cream production in Guangzhou, capitalof South China's Guangdong Province, in the next five years.

Nestle holds the leading position in the Guangdong ice-creammarket with two brands: Nestle and Wuyang -- a Guangdong brand itacquired in 1999 -- and the firm aims to further strengthen itsadvantage there, Daniel Lutz, senior vice president of NestleChina in charge of ice cream and frozen food, said March 29.

Lutz

12/21 21:50