|The Trung Nguyên coffee group put into operation its representative office in Shanghai, China last week, vietnamplus.vn reports.– Photo infonet.vn|
HÀ NỘI – The Trung Nguyên coffee group put into operation its representative office in Shanghai, China last week, vietnamplus.vn reports.
At the opening ceremony, Richard Khoo Hye Koon, director of the international marketing & business development of the company, said Shanghai’s strategic location and dynamic trade would connect Trung Nguyên coffee products to a broader Chinese market.
To capitalise on the Chinese market, Trung Nguyên plans to open its first overseas production facility in the country, he unveiled, adding that the group aims at capturing $1.6 billion from the market.
China’s coffee consumption grows an annual average of 20 per cent, and its coffee market value is expected to reach 600 billion CNY (US$91.2 billion) in 2020.
The opening of the office is also an activity to mark 14 years since Trung Nguyên’s G7 coffee brand was launched. G7 products are available on China’s most popular e-commerce platforms like Alibaba and Taobao as well as in 1,000 local supermarkets, according to the director. Trung Nguyên coffee products have so far entered 60 markets worldwide. – VNS