Luckin Coffee Launches New Roasting Plant in Kunshan, Jiangsu
Kunshan, Jiangsu, April 24, 2024 -- Luckin Coffee announced the official commencement of operation of the new roasting plant in Kunshan, Suzhou City of Jiangsu Province. With a total planned investment of $120 million and an annual roasting capacity of 30,000 tons, Luckin Coffee (Jiangsu) Roasting Plant is the largest coffee roasting plant in China to date. Leveraging advantages in intelligent manufacturing and automation, this new Luckin plant deepens its vertical integration of the coffee supply chain, thereby empowering Chinese coffee industry upgrades with new technology-driven productivity and leading a new trend of high-quality sustainable development. Mr. David Li, Chairman and CEO of Centurium Capital, and Dr. Jinyi Guo, Chairman and CEO of Luckin Coffee, along with local government officials and its key business partners, attended the opening ceremony. Luckin Coffee (Jiangsu) Roasting Plant is located within the Kunshan Comprehensive Free Trade Zone. Throughout the production process, it utilizes cutting-edge intelligent equipment from around the world, achieving highly efficient automation in the entire process from green bean processing, coffee bean roasting, packaging, to warehouse logistics. The plant is equipped with the first constant temperature and humidity coffee green bean warehouse in China. Meanwhile, the plant applies energy-saving and carbon-reducing technologies...
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Centurium Capital Releases 2023 ESG Report for the Third Consecutive Year
Centurium Capital (“Centurium”) released its 2023 Environmental, Social, and Governance (ESG) Report today, underscoring the firm’s continuous commitment to ESG disclosure. Since Centurium adopted its full ESG Policy in 2020, ESG has become an integral part of Centurium’s investment process, daily operations and development strategy. The 2023 ESG Report provides a comprehensive overview of Centurium’s established ESG framework, as well as analyses of ESG best practices at its portfolio companies. Through presenting key ESG-related data from 2023 and portfolio case studies, the report showcases the ESG journey of Centurium in the past year. David Li, Chairman and CEO of Centurium Capital, pointed out in the report that ESG is the cornerstone to build a long-lasting firm and brand. In today’s challenging environment, Centurium’s unwavering dedication to its ESG strategy remains even more crucial to drive its investments and portfolio companies to create value for employees, investors and broader society. Centurium became a signatory to the PRI in January 2022. Integrating globally-recognized ESG principles and regulatory requirements, Centurium’s ESG Committee guides and oversees the execution of ESG-related initiatives. ESG-related risks are included in pre-investment screening and due diligence processes, and the ESG findings form the foundation of the post-investment ESG management...
202404-09 -
Luckin Coffee’s Green Coffee Bean Processing Plant starts trial operation in Yunnan, aiming to make world-class coffee beans
Luckin Coffee recently announced the trial operation of its first green coffee bean processing plant in Baoshan City, Yunnan Province. This facility will help Luckin Coffee further optimize and improve its high-quality supply chain, strengthen its ability to control the quality of coffee beans throughout the entire production process in an effort to introduce high-quality products and experiences to its customers. Luckin Coffee's Green Coffee Bean Processing Plant is located in Mang’ai Village, Longyang District, Baoshan City. By introducing the imported micro-water fresh fruit processing production lines from Brazil and Colombia, this Plant has world-class technology in coffee fruit processing with an annual processing capacity of up to 5,000 tons. Meanwhile, this Plant employs cutting-edge environmental-friendly treatment techniques, including self-heating, multi-effect MVR evaporative concentration water treatment technology in the water-washing process for green coffee beans, to achieve zero industrial wastewater discharge; and air-source heat pumps in the drying process of coffee beans, to significantly reduce exhaust emissions thereby integrating sustainable production principles throughout various production stages. Also, Luckin Coffee plans to establish a training center and an operational center in this Green Coffee Bean Processing Plant, providing training lessons related to coffee planting and processing-related knowledge for Luckin Coffee’s employees...
202403-15
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