French Malting Group Expands Operations in China with Jiangsu Plant
What happened
Malteurop, the malting business of VIVESCIA cooperative group, acquired the Chunlei Malting Co. plant near Yancheng in Jiangsu province. This new facility has an annual production capacity of 220,000 tonnes of malt. This expansion strengthens Malteurop's position in the Chinese malt market, where it is the only foreign commercial malt producer. Malteurop previously established a site in Baoding.
Why it matters
The acquisition and new facility increase industrial capacity in Jiangsu province. This move reinforces the presence of a major French player in the barley, brewing, and malt industry in China. The expansion further solidifies Malteurop's market standing.
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.