Tai Po Industrial Estate

Nissin Foods Receives Funding Approval from Re-Industrialisation Funding Scheme

Retrieved on: 
Tuesday, November 9, 2021

HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.

Key Points: 
  • HONG KONG, Nov 9, 2021 - (ACN Newswire) - Nissin Foods Company Limited ("Nissin Foods", and together with its subsidiaries, the "Group"; Stock code: 1475) is pleased to announce that it has received approval for the maximum funding support of HK$15 million (the "Funding Support") under the Re-Industrialisation Funding Scheme ("RFS") of the Innovation and Technology Commission ("ITC") today (9 November 2021), to be used for the installation of a new smart production line in Hong Kong.
  • Funded by the Re-Industrialisation Funding Scheme, Nissin Foods will set up a smart production line with robotics, sensors and smart systems with real-time monitoring on the production of instant noodles in the Nissin Plant, Tai Po Industrial Estate (visual provided by Nissin Foods Company Limited).
  • The Funding Support will be used to implement a new smart and automated production line in one of Nissin Foods' production plants located at the Tai Po Industrial Estate.
  • Mr. Kiyotaka ANDO, Executive Director, Chairman and Chief Executive Officer of Nissin Foods, said, "Nissin Foods is proud to be the first food manufacturer and the second company to gain approval for the maximum funding under the Re-Industrialisation Funding Scheme.

Global Point of Sale Terminal Market Forecast: A $109 Billion Market by 2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, October 4, 2021

The Point of Sale Terminal Market will reach US$ 109.27 Billion by 2027.

Key Points: 
  • The Point of Sale Terminal Market will reach US$ 109.27 Billion by 2027.
  • As per this report, the Point of Sale Terminal Industry will grow with a CAGR of 10.15% from 2020 to 2027.
  • As per this report, Point of Sale Terminal Market Size was US$ 55.53 Billion in 2020.
  • COVID-19 Impact on the point of Sale Terminal Industry: The novel coronavirus outbreak has adversely impacted global manufacturing, demand, supply chain activities.