China's food processing machinery seeing rapid growth

CHINA - China's food processing and packaging machinery sector has made significant strides and is closing the gap on the products made in other parts of the world, according to a new report.

Sales of Chinese food packaging machinery have almost doubled between 2001 and 2005, reaching CNY67.37 billion (€6.6bn), and the annual average growth of 17.52 per cent is well above the rate of the national machine industry during the same period, according to the report by Beijing-based market research firm, Research in China.

The growth is being driven by a double-digit increase in food industry sales each year – some estimate it to be around 25 per cent annually – as well as strong improvements in the technology.

To continue reading this article please click here

Source:

© 5M Enterprises Ltd.
2000 - 2007
No part of this site may be
reproduced without permission

5M Enterprises Ltd., 4 Haywood House, Hydra Business Park, Nether Lane, Sheffield, S35 9ZX, England.

Co. Registration 3332321 - A Benchmark Holdings Ltd. Company