Yonghui to build supply chain industrial park in Sichuan with CNY1 billion
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Chinese supermarket chain retailer Yonghui Supermarket has decided to build a supply chain industrial park in Sichuan’s Pengzhou city, with a total investment of CNY1 billion.
The company says the industrial park will better support its regional distribution and warehousing demands and food processing business development in Sichuan.
Yonghui Supermarket will purchase an area of 300 mu for this project. The first phase of the project, which covers 93 mu, will be launched first; and the second phase, which covers 207 mu, is expected to be launched in 2019.
With an investment of CNY100 million, Yonghui Supermarket will also set up a project company in the industrial park and this project company will be named “Sichuan Caishixian Supply Chain Development Company Limited”, which is subject to the approval of industry and commercial authorities.
Meanwhile, Yonghui Supermarket will establish two “Caishixian” processing subsidiaries – one in Hefei, Anhui province and the other in Kunshan, Jiangsu province with CNY50 million investments in each.
Questions & Answers
Q.What is the total planned investment for the supply chain industrial park in Pengzhou?
What is the total planned investment for the supply chain industrial park in Pengzhou?
Yonghui Supermarket plans to invest a total of CNY1 billion in the supply chain industrial park project. This significant investment is aimed at bolstering its regional distribution, warehousing, and food processing capabilities in Sichuan.
Q.What is the purpose of establishing Sichuan Caishixian Supply Chain Development Company Limited?
What is the purpose of establishing Sichuan Caishixian Supply Chain Development Company Limited?
This project company will be set up within the industrial park with an investment of CNY100 million. Its establishment is intended to manage and oversee the operations of the new supply chain facilities, supporting Yonghui's regional demands.
Q.Where else is Yonghui Supermarket expanding its 'Caishixian' processing operations?
Where else is Yonghui Supermarket expanding its 'Caishixian' processing operations?
Beyond Sichuan, Yonghui Supermarket is establishing two additional 'Caishixian' processing subsidiaries. These will be located in Hefei, Anhui province, and Kunshan, Jiangsu province, with each receiving an investment of CNY50 million.
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