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Beingmate to Invest 1.5 Billion RMB in Yichang High-tech Zone
2014-08-08 07:48:42

  Recently, Beingmate Baby & Child Food Co., Ltd has officially signed a contract in Hangzhou on building an industrial park in Yichang. Yang Meiren, Director of Yichang High-tech Zone Management Committee, signed a cooperation agreement with Yang dongliang, Chairman of Yichang Beingmate Food Science & Technology Co., Ltd. that Beingmate will invest 1.5 billion RMB in Yichang High-tech Zone to build the biggest infant formula production base in central and western region of China according to international quality standards.

  Beingmate, established in 1999, is a comprehensive operator whose business covers R&D, production and sales in mother-infant-child industry. The A-Share listed company in Mainland China has become the leader in the domestic baby & child industry. Founded in 2005, Yichang Beingmate Food Science & Technology Co., Ltd passed the strictest inspections in the dairy industry in 2014. The company is not only one of five domestic modernized bases in Beingmate Group but the only one to own the production license for infant formula milk powder in Hubei now.

  Beingmate brings another opportunity to Yichang High-tech Zone. In the bio-industry park, the company will establish a production line and an R&D testing center with an annual output of 200,000 tons of child milk and 20,000 tons of parent-child food, parent-child education and logistics storage center to further enlarge the production scale of infant milk power. By 2020, the infant industrial park will run with an annual output value of 5 billion RMB and an annual tax of over 300 million yuan RMB. Its capacity will surpass 1/5 of all Beingmate production bases.

  Rooted in the bio-industry park, Beingmate Baby & Child Industrial Park is another great contribution that Yichang High-tech Zone makes to building up a top food safety city in China proposed by Municipal Party Committee and Government. Thanks to Beingmate, the park will seek for "superior, big, excellent and strong" projects, establish clusters and make products finer in up-market food industry in the future. (Correspondent Wang Yue)