Starbucks to invest $130 million for roasting plant in China’s Kunshan

BEIJING (Reuters) – Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday.

It is Starbucks’ largest investment in a production facility outside the United States and the first production-related investment in Asia, the U.S. beverage chain said in a statement.

The complex, sprawling over 80,000 sq. m (95,679 sq. yards), will include coffee roasting facilities and smart warehouses.

Wind blows by coal to become Iowa’s largest source of electricity

GM to Invest $2.2 Billion in Detroit Plant to Produce Electric Cars