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Luckin Coffee's Qingdao Innovation Production Center Commences Operations with Total Investment of ~RMB3B
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Luckin Coffee (LKNCY.US) announced that its Innovation Production Center located in Qingdao, Shandong has officially commenced operations. The project involves a total investment of approximately RMB3 billion, with annual roasting capacity exceeding 55,000 tonnes, and is equipped with the world's largest single-unit roaster. Together with its Pingnan and Kunshan facilities and the Xiamen center currently under construction, total production capacity is expected to surpass 155,000 tonnes, setting a record for roasting capacity in China's coffee industry. AASTOCKS Financial News |
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