date:Apr 02, 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