Kerry Group set to increase it’s operations.

Kerry Group looks set to expand its operations even more, over the course of this year. Executives of the food ingredients company have been in China in recent months, to examine the possibility of setting up a plant there. It’s believed that an announcement on Kerry`s move into the Chinese market will be made within the next 8 weeks. Kerry Group already has a presence in the Asian market. ‘Mastertaste’,the group’s flavours division, runs a development facility in the Far East. After a fact-finding mission to China, a specific proposition is now being advanced for the operation of a major plant there. The move would see Kerry Group gain a firmer foothold in the global market for food additives – which is worth more than $20 billion annually. Kerry Group has been on the acquisition trail in recent years. Since 2001, it’s bought 27 businesses. Last month alone, it spent just over $500 million – on the acquisition of ICIs ingredients division, as well as the American beverage companies Oregon Chai and Extreme Foods. It’s expected that a significant announcement on the group’s plans in the China will be made within 2 months.