China
Jiahe could receive $25m from World Bank to fund expansion
According to a regulatory disclosure, Jiahe will use the International Finance Corporation funds to fuel an US$82m expansion strategy.
The Jiangsu province-based company is China’s leading manufacturer of non-dairy creamer, and also manufactures fresh bakery products and processed food.
As part of its expansion, it has plans to upgrade its non-dairy creamer production lines and set up an R&D centre, a freeze-dry coffee facility and a modern warehouse.
Upon completion, Jiahe’s capacity will increase from 200,000 tonnes per year to 250,000. All the proposed manufacturing expansions will be at its current site in Suzhou.
IFC has made a series of investment disclosures this month, including a commitment to sink US$35m into Sri Lanka-based Agrex, which sources, processes and exports certified organic products from countries in Asia and Africa.
