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.
5 September 2006
2 minute read
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.
Source: AP-FoodTechnology
