Beyond Meat to set up factories in Zhejiang

Beyond Meat, the US plant-based meat maker, said on Tuesday that it is building two new production facilities in East China's Zhejiang province to make products like plant-based beef, pork and chicken.

The move will help the US firm to optimize product prices, expand production and develop innovative flavors for Chinese consumers, the company said, adding that production is expected to start in early 2021.

Products from the new factory will be rolled out under the Beyond Meat brand, making it the first international plant-based meat brand having its own production facilities in China.