Standard Foods Group launched an intelligent manufacturing and supply chain project in Taicang on Feb 4. This project, with a total investment of $70 million and occupying a land area of 34.4 mu (approximately 2.29 hectares), focuses on establishing an intelligent and digital supply chain for high-end edible oils.

The launch ceremony for Standard Foods Group's intelligent manufacturing and supply chain project is held in Taicang on Feb 4. [Photo/WeChat account: tcfbgw]

Once operating at full capacity, the project is expected to increase annual output by 800 million yuan (approximately $10.98 million) and generate tax revenue of 35 million yuan.

Founded in 1986 and listed in 1994, Standard Foods Group boasts multiple renowned brands and offers a diverse range of over 600 nutritional and health products. The company possesses advanced refinery facilities in Asia and operates the largest automated warehousing system in Southeast Asia.

Standard Foods Investment Limited (China) in Taicang. [Photo/WeChat account: tcfbgw]

In 2024, the combined output value of Standard Foods Investment Limited (China) and Standard Foods (China) in Taicang amounted to nearly 5 billion yuan.

Taicang boasts a strong business environment, boosted by its well-connected Taicang Port and close proximity to Shanghai. The city has attracted over 1,600 foreign-invested enterprises, including more than 550 German companies, earning itself a reputation as the hometown of German enterprises.

The Taicang cityscape. [Photo/WeChat account: tcfbgw]