China a growth engine for soy milk company

VITASOY International Holdings Limited recently opened a fourth plant in Wuhan, Hubei Province, China. The company invested RMB 500 million in the 105,000-square-meter facility which will manufacture tea, soy milk and other plant-based drinks

For over 70 years, the company has been building a plant-based and sustainable business, according to Winston Lo, Executive Chairman of the Vitasoy Group. “The Mainland China market has become the growth engine of our business and the opening of the Wuhan plant marks a significant milestone for the Group. Recognizing Wuhan’s importance as a hub in Central China, we are proud of producing our plant-based products there and bringing sustainable nutrition to the consumers in Wuhan and nearby Central China areas to help accelerate our growth in the country.” 

The Wuhan plant design complies with LEED (Leadership in Energy and Environmental Design) Gold Certification requirements developed by the US Green Building Council. It features natural air ventilation, natural sunlight and solar energy as well as water and heat reuse systems. Fences and outdoor chairs are made of recycled composite packaging paper.

Based in Hong Kong, The Vitasoy Group has business facilities in Mainland China, Singapore, Australia and the United States. Its VITASOY is the leading brand in the packaged soy milk market in the mainland. In the first half of FY2015/2016, Vitasoy China recorded a growth of 32 percent to HK$1,513 million in revenue, representing 49 percent of total turnover.