AAK investing in China
AAK has decided to construct a speciality and semi-speciality edible oils factory in Zhangjiagang along the Yangtze river delta. The investment is expected to amount to approximately SEK 400 million over a two-year period. The start-up of the new factory is planned for the beginning of 2016. The construction of the factory is part of a long-term investment plan in China that started with the establishment of an AAK sales subsidiary in 2011 and which was followed by the opening of an innovation center in Shanghai last year.
AAK is one of the world’s leading producers of high value-added speciality vegetable oils and fats solutions. AAK has production facilities in Belgium, Colombia, Denmark, Mexico, the Netherlands, Sweden, Great Britain, Uruguay and the US. Further AAK has also toll manufacturing operations in Russia and Malaysia. AAK’s shares are traded on the NASDAQ OMX, Stockholm, within the Large Cap segment.
AAK is being advised by Mannheimer Swartling on the project. The firm’s team in Shanghai is led by Peter Idsäter, primarily assisted by Queenie Chen, Rachel Dong and Becky Jiang.