Business & Investment

Beyond the profits of meat after opening a Chinese factory by

© Reuters

By Dhirendra Tripathi – Beyond Meat (NASDAQ :) rose 3.6% in pre-market trading on Wednesday. This is an optimistic view that the company’s new unit in China will help serve more customers and more quickly in the region.

Beyond Meat’s share price is 37% below its 52-week high of $ 220.8. After the company reported a loss of $ 25.1 million in the fourth quarter of 2020, it receded from a loss of $ 500,000 in the same period in 2019.

The manufacturing sector near Shanghai is the first unit outside the United States.

The plant also helps companies improve their cost structure and make their businesses sustainable.

To meet the growing demand for plant-based meat in China, the facility produces a variety of plant-based pork, beef and chicken products.

The facility focuses on long-term growth and expansion of existing retail and food services businesses, and also has R & D capabilities to create new products and support the company’s local strategic partners. ..

The company also announced that it will open its first owned manufacturing facility in Europe this year.

Disclaimer: Fusion media We inform you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by the market maker, not the exchange, so prices may not be accurate and may differ from actual market prices. In other words, price is an indicator and is not suitable for trading purposes. Therefore, Fusion Media is not responsible for any transactional losses that may occur as a result of using this data.

Fusion media Alternatively, anyone involved in Fusion Media will not be liable for any loss or damage resulting from relying on the data, quotes, charts, trading signals and other information contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets. This is one of the most risky forms of investment possible.

Beyond the profits of meat after opening a Chinese factory by–2468039 Beyond the profits of meat after opening a Chinese factory by

Back to top button