CJ CheilJedang to invest $584 mn to build food factories in Europe, US

Q: How long will it take to read this news story?

The story "CJ CheilJedang to invest $584 mn to build food factories in Europe, US" has 664 words across 29 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "CJ CheilJedang to invest $584 mn to build food factories in Europe, US" was covered 4 days ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 12 news stories per day. It's most recent story was published 57 minutes ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23814882</li><li>URL: https://beamstart.com/news/cj-cheiljedang-to-invest-584-17325137063878</li></ul>

Korea Economic Daily Logo Korea Economic Daily 4d ago

CJ CheilJedang to invest $584 mn to build food factories in Europe, US - Korea Economic Daily

Quick Summary:

CJ CheilJedang Corp., South Korea’s largest food company, will spend a total of $584 million to build new food-manufacturing factories in Europe and the US to expand its footing in the global food market amid still-soaring demand for Korean food across the world.

The Korean food giant will invest 80 million euros ($84.4 million) to build a ready-meal production plant and a logistics center on the site, which would mark CheilJedang’s first construction of a food-manufacturing factory in Europe.

On Wednesday last week, Schwan’s Company, the US food-making subsidiary of CJ Foods, broke ground on the largest Asian food factory in North America on a 575,000-square-meter site, roughly the size of 80 football fields, in Sioux Falls, South Dakota.