Liquid egg manufacturer granted HK$14.9 million in funding to triple production as part of Hong Kong’s re-industrialisation efforts
- Luen Tai Hong plans to set up smart production line in Tai Po as part of city’s largest re-industrialisation projects
- The project will cost about HK$45 million, and the manufacturer will contribute around HK$30 million
An established liquid egg manufacturer in Hong Kong has received a government grant of HK$14.9 million (US$1.9 million) to set up a smart production line in Tai Po as part of one of the city’s largest re-industrialisation projects.
The Innovation and Technology Commission said on Tuesday it provided the financial aid to Luen Tai Hong so that the company could upgrade its production capacity and efficiency as part of the city’s efforts to boost Hong Kong-manufactured products through innovation.
The production line will be set up at a new factory in the Tai Po InnoPark, and it is expected to lift the daily production of fresh liquid eggs by two to three times from 30 tonnes to 70 tonnes, while lowering costs by 20 to 30 per cent.
The project will cost about HK$45 million. The manufacturer will contribute around HK$30 million.
Founded in 1957, Luen Tai Hong is a key local supplier of fresh liquid eggs, an ingredient widely used in baking, food manufacturing and restaurants.
“We are grateful for the government support and hope to restore the heydays of Hong Kong manufacturing with new technologies,” said Michael Young, the company’s general manager.