COFCO Packaging acquires 51% of Jihong Packaging, plans aluminum can plant in Haining

COFCO Packaging acquired a 51% stake in Zhejiang Jihong Packaging for $20.4 million and will invest an additional $20 million to build a production line for 2 billion two-piece cans per year in Haining, Zhejiang, aiming to become the largest food aluminum can base in East China.

“中粮包装斥资2040万美元收购纪鸿包装51%股权，并增资2000万美元，投资建设年产20亿只两片罐生产项目落地手续已办理完毕”news.pack.cn

• 2 sources
• news.pack.cn中粮包装并购落地 海宁将建华东最大食品铝罐生产基地_国内动态_企业动态_资讯_中包网Jul 20, 2017
• beta.zhitongcaijing.com中粮包装(00906)拟投资清远加多宝30%股权Aug 10, 2017

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