china's food mogul joyvio group picks jinshan for its expansion plans -凯发国际娱乐试玩

as part of its expansion plans, china's food mogul joyvio group will construct a super food facility in shanghai.

it will occupy 3.3 hectares in jinshan district, about the size of five soccer fields, and produce "3r" food, which stands for ready-to-eat, ready-to-heat, and ready-to-cook.

the a-share listed joyvio is a modern agriculture subsidiary of legend holdings, a beijing-based information and technology conglomerate.

the mega facility is just the beginning of the company's ambitious commercial footprint in jinshan, where it has signed partnerships worth 12 billion yuan (us$1.8 billion) to build its headquarters, a smart storage platform, and an r&d center for plant-based meat alternatives, among other things.

joyvio is one of nine projects worth a total of 15.5 billion yuan that were signed in jinshan on wednesday, demonstrating that four vital industries – new materials, life and health, information technology, and intelligent equipment – are key to jinshan's growth.

meanwhile, construction on seven major projects involving investments of 9 billion yuan is currently underway.