Restaurant chain operator Saizeriya Co. will set up a food production subsidiary in Guangzhou in China’s Guangdong Province by the end of the month.
The move is part of Saizeriya’s effort to strengthen overseas operations.
The new unit will produce pizzas, meat sauce and other foods that will be supplied to Saizeriya restaurants in Guangzhou, helping to boost food quality and cut costs.
The wholly owned unit will be capitalized at 3 million dollars.
Source: Yomiuri Dec 2012