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BEIJING, Aug. 21 -- Tetra Pak, the world's leading processing and packaging line and solutions provider for liquid food manufacturing, today announced to invest another 30 million Euros into its state-of-the-art 620 million RMB plant in Beijing, aiming to double its capacity from the current 8 billion packages per year to 16 billion. As a first step, a second laminator will be installed in the Tetra Pak Beijing plant, and will start production in the first quarter of 2007. This announcement was made by Dennis Jonsson, CEO of Tetra Pak in Beijing. "Chinese dairy industry has witnessed an average growth rate of 26% from 1993 to 2004. Although the high growth may be hard to maintain, we believe that it will stabilize at an average rate of around 15% for the next 5 years," said Dennis Jonsson, CEO of Tetra Pak, "We are impressed by the fast growth of the Chinese dairy and beverage industry, and we are committed to secure lead time and top quality service to support our customers." With the new investment featuring the latest technology, Tetra Pak Beijing Plant becomes the showcase converting plant in the world, focusing on the production of packaging materials specifically designed for use in the Tetra Brik Aseptic®and Tetra Fino Aseptic®Filling Systems. At the same time, all Tetra Pak China plants, including the Kunshan and the Foshan plants, boast world class efficiency with the effective implementation of "World Class Manufacturing". "We are confident that with our continued investments in China, our world class converting plants will more than meet the demands of our customers, and we will not hesitate to take quick initiatives to put additional investments for capacity expansion where there is a customer need, as we always aim to keep Tetra Pak well ahead of both market demands and our competition" added Dennis. With the new investment, Tetra Pak's accumulated investment in China will reach 2 billion RMB.
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