Kagome Co. said that it has established a subsidiary in sunshine-rich Yinchuan, in China’s Ningxia Hui Autonomous Region, to produce and sell tomatoes. The food and beverage maker, known for its ketchup and tomato juice products, owns a 60 percent stake in the new company, which is capitalized at the equivalent of approximately ¥50 million [US$513,000]…Full-text article: The Japan Times Oct 2013

Key point

  • By the end of 2017, the Kagome subsidiary hopes to be producing 530 tons of tomatoes per year (on 4.4 ha), with an annual sales of ¥100 million (~US$ 1 million)

Similar Posts by ChinaAg

Spread the word. Share this post!