Starbucks Corporation (NASDAQ: SBUX) on Friday announced it will invest $130 million in its new China roastery.. What Happened. It was an opportunity for local craftsmen to be part of the journey. AD PRO: Is the goal to develop a prototype? Five are in the US; the other is in the Netherlands. Starbucks executive chair Howard Schultz and SVP Creative, Global Design, and Innovation Liz Muller in the new Starbucks Roastery in Shanghai on Sunday, December 3, 2017. Starbucks has announced plans to invest $130 million for a production facility in China called the Coffee Innovation Park.. Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday. The carved wooden stool receives you and makes you feel comfortable. "When people open … A large wall display of illustrated coffee cards, each with a small-batch roasting recipe on the back, makes an Instagram-ready selfie backdrop near one entrance. China is a key market for the Seattle-based coffee chain, where it faces intense competition from local companies including Luckin Coffee (NASDAQ: LK). Don't have a Benzinga account? Prince Harry and Duchess Meghan set for Spotify deal. 12:42 PM. Workers process coffee in the shadow of an enormous 40-ton kettle clad in carved copper panels, where beans rest after roasting. Also planned to open in 2022, the facility is expected to include a roasting plant, warehouses and a distribution center. As Starbucks largest manufacturing investment outside of the U.S. and its first in Asia, the CIP will create highly-skilled jobs and new career opportunities that will further drive smart and sustainable coffee manufacturing in China. Benzinga does not provide investment advice. March 15, 2020. © 2020 Benzinga.com. Starbucks completes the full-service coverage of “Starbucks Delivers” in Beijing and Shanghai, a month following the introduction of the market-leading coffee delivery experience in China. Starbucks has announced plans to invest $130 million for a production facility in China called the Coffee Innovation Park. Located in the city of Kunshan, an hour from Shanghai, it will source coffees from China and around the world directly from origin for processing, roasting, packaging and distribution, for the first time in China. China has produced and consumed tea for centuries. The Shanghai Roastery includes a Teavana bar and features an on-site bakery. AD PRO: This is the second outing for the Starbucks Reserve Roastery concept. Starbucks has announced plans to invest $130 million for a production facility in China called the Coffee Innovation Park.. The complex will encompass 80,000 square feet of space and include high-tech warehouses and a coffee roasting facility, reports indicate.The pandemic, originating in China, forced about 80% of Starbucks’ 4,300 stores to close in early February. The woods are warm and walnut, and lighting is the white of the milk froth. It would be Starbucks’ first large-scale production roastery in what is now the company’s second largest retail market, China, where the company plans to have 6,000 stores by 2022. Starbucks kicked off construction for its China Coffee Innovation Park on Nov 16, 2020 in Kunshan, East China’s Jiangsu province. Starbucks has six roasting plants worldwide. Claim: Starbucks is opening a coffee bean roasting facility in China. Starbucks Builds Roasting Plant in China. And it weighs 40 tons. Starbucks is investing approximately $130 million in China to open a roasting facility in 2022, as part of its new Coffee Innovation Park (CIP). The coffee chain company expects the Kunshan Roastery, near Shanghai, to be completed by 2022. STARBUCKS ROASTING COFFEE IN CHINA IN NEW AGREEMENT. Executive chairman of Starbucks, Howard Schultz, at the new Starbucks Reserve Roastery in Shanghai. Create one. You Too Can Hit The Pasture Pool With Famous Athletes In This Ch... Privacy Policy / Do Not Sell My Personal Data. STARBUCKS ROASTING COFFEE IN CHINA IN NEW AGREEMENT. SHANGHAI, People’s Republic of China — Starbucks is joining forces with plant-based innovators in China, Beyond Meat and Oatly, to continue its strategic focus on expanding plant … Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with … Starbucks noted it's the largest investment the company has ever made in a production facility outside of the United States. Our website, archdigest.com, offers constant original coverage of the interior design and architecture worlds, new shops and products, travel destinations, art and cultural events, celebrity style, and high-end real estate as well as access to print features and images from the AD archives. 1 2 Next >>| Shares traded 7% higher at time of publication Friday morning. Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with … Starbucks has announced it will invest $130m to open a state-of-the-art roasting facility in China. Xiamen-based Luckin operated more outlets in China than Starbucks at the end of 2019, and has continued to expand aggressively, even as both companies reel from the impact of the novel coronavirus (COVID-19) outbreak in the country. A daily collection of all things fintech, interesting developments and market updates. All rights reserved. Starbucks to invest $130 million for roasting plant in China's Kunshan Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday. Starbucks to invest US$130 million for roasting plant in China's Kunshan. Starbucks has also recently announced a $130 million investment in a new China roasting plant. "The investment highlights [Starbucks'] ambition to further globalize its roasting network and reinforces [its] strategic focus on the U.S. and China as its two lead growth markets," the company said in a statement. In the period, Starbucks opened 480 stores worldwide, 259 of which were in China. Starbucks is opening one store in China every 15 hours, the company's China CEO, Belinda Wong, told "Squawk Box.". Starbucks has six roasting plants worldwide: five in the US and one in the Netherlands. Nick Brown | March 17, 2020 The Starbucks Reserve Roastery in Shanghai, which opened in 2017. Starbucks Opens State-of-the-Art Premium Reserve Roastery in Shanghai The 30,000-square-foot Starbucks Roastery, the first of its kind in Asia, introduces visitors to a fully immersive coffee wonderland. The wave shape was inspired by our “roasting curves,” which is our name for the recipes we use for roasting small-batch coffee. Construction of the CIP will begin later this year in the city of Kunshan, an hour from Shanghai. The Kunshan plant will become its biggest outside the US, with an annual capacity of more than 60,000 tons. Coffee can be bold and loud, but this shape is beautiful and feminine like tea. Shanghai – April 27, 2020 – Today, Starbucks announced a strategic partnership with leading investment firm, Sequoia Capital China to tap into China’s growing technology landsca... Starbucks Inspires ‘GOOD GOOD’ Lifestyles Towards a Better Planet - Partners with Beyond Meat, Inc. to launch plant-based … The country produced an estimated 2.8 million tons of tea in 2018, and currently accounts for almost 40% of the world’s total tea consumption. What should visitors expect? The new roasting facility, announced in March and expected to be completed by 2022, will cover coffee bean imports and exports, roasting, packaging, storage, logistics, distribution and training for coffee roasting. Claim: Starbucks is opening a coffee bean roasting facility in China. This would also be the coffee maker's first manufacturing plant in Asia. The ceiling canopy’s 10,500 hexagonal tiles are aluminum sheeting veneered with wood by hand. Starbucks stock closed 9.08% lower at $62.10 per share on Thursday. Starbucks currently has more than 3,000 stores in China, with 600 in Shanghai alone. Starbucks executive chair Howard Schultz well deserves his reputation for big thinking, and it doesn’t get bigger than building the most enormous Starbucks to date. The beans rest in the kettle center stage, to lock in flavor and de-gas, before they’re shot out through copper pipes overhead that connect to silos above the bars. In 2017, Starbucks opened its flagship “Reserve Roastery” in Shanghai (see further reading) (Starbucks) The scheme, which was announced back in March as a $130m investment, will be Starbucks’ second production facility outside the US – the only other is in the Netherlands to supply the European market. The facility is Starbucks' largest manufacturing investment outside of the United States and its first in Asia. The plant is part of Starbucks new coffee innovation park slated to open in 2022 in the city of Kunshan, an hour from Shanghai, it said in a statement. Ad Choices, How Starbucks Is Using Design to Sell Coffee, As Starbucks opens its largest location ever—in Shanghai—AD PRO catches up with the woman behind the brand's iconic look. BEIJING (Reuters) - Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday.It is Starbucks’ largest investment in a production facility outside the United States and the Starbucks is investing $130 million to construct its first coffee roasting facility in China, an indication business is beginning to pick up following the outbreak of the COVI-19 coronavirus pandemic there, according to a Bloomberg News report. Katy, Orlando want to raise daughter in the UK. The project, which will be located in China, will cost approximately $130 million. It would be Starbucks’ first large-scale production roastery in what is now the company’s second largest retail market, China, where the company plans to have 6,000 stores by 2022. (Joshua Trujillo, Starbucks). Guatemalan coffee ready to be sampled at Ocean Grounds Coffee in Shanghai. AD PRO caught up with Muller in China, as she prepared for the December 6 opening. The virus outbreak brought most of … LM: No, every new Roastery will respect the local culture and never be repeated. China has become Starbucks' … People want places where they can get inspired and get comfortable. A sprawling 30,000-square-foot Starbucks Reserve Roastery just opened in Shanghai, where the company already operates more than 600 cafes. LM: All the furniture is uniquely designed, and we call it our New Eames line. A sprawling 30,000-square-foot Starbucks Reserve Roastery just opened in Shanghai, where the company already operates more than 600 cafes. © 2020 Condé Nast. To revisit this article, visit My Profile, then View saved stories. To flesh out the Shanghai concept, which includes a bakery and Teavana bar, he turned to Liz Muller. It signed a deal with the Kunshan Economic and Technological Development Zone today. A lever at the bottom of the silo drops the beans into a handcrafted leather basket, where we scoop them out to put into the grinder. Starbucks has also recently announced a $130 million investment in a new China roasting plant. Starbucks' only other roasting facility outside of the U.S. is located in Amsterdam, and serves the European Union market. Posted-In: China Kunshan RoasteryNews Restaurants Global General, Thank you for subscribing! Starbucks to invest $130 million for roasting plant in China's Kunshan 13/03/2020. The coffee club's ergonomic walnut lounge chairs have copper arms wrapped in hand-stitched leather. It is Starbucks' largest investment in a production facility outside the United Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai… But the large “kettle” will be an icon in each one we build. We sandblasted the plastic to look soft, like a Chinese clay teapot, and chose the translucent green color for the same reason. LM: Our design always goes back to the product. Starbucks press photo by Joshua Trujillo. Basically, it’s a roasting plant with a coffee club attached to it. The project is reported to be Starbucks’ largest production facility investment outside the United States and the first-ever in Asia. Starbucks (NASDAQ:SBUX) plans to open its largest-ever coffee roasting facility in 2022. AD PRO: The café furniture looks especially inviting—. We go from the green of the fresh beans to the deep dark brown of roasted coffee. Here, we covered the kettle in handmade copper panels carved with 60 or 70 different Chinese characters for words like “French press” and “Arabica” as a conversation starter. Starbucks (NASDAQ:SBUX) says it's on the road to recovery in China after the coronavirus outbreak led to a 50% drop in same-store sales in the second quarter of fiscal 2020. LM: _ The 52-foot Teavana bar represents the first time we are bringing tea into a roastery. Everything you need to know about the market - quick & easy. Starbucks (NASDAQ:SBUX) plans to open its largest-ever coffee roasting facility in 2022. Just two days ago, Starbucks announced a strategic partnership with Sequoia Capital China to help fund the company’s continued growth there. Fresh tea leaves are harvested and collected in a basket. And, most personal for Schultz, Starbucks has announced plans to open a flagship in Milan, where he discovered premium coffee culture for himself on a visit in 1983. Currently, Starbucks operates six other roasting plants… By creating an account, you agree to theTerms of Service and acknowledge our Privacy Policy. Starbucks will build an industrial park for coffee roasting, smart warehousing and logistics close to Shanghai in Kunshan, eastern Jiangsu Province, the Seattle-based company said. [Photo provided to chinadaily.com.cn] China’s Relationship With Coffee. “The Roastery is a theater to elevate the coffee experience, where the average person spends 40 minutes because they don’t want to leave.”. Howard Schultz, executive chairman of Starbucks, shown at the new Starbucks Reserve Roastery in Shanghai. Starbucks has six roasting plants worldwide. Starbucks is investing approximately $130 million in China to open a roasting facility in 2022, as part of its new Coffee Innovation Park (CIP). The copper has a beautiful, authentic glow like the flame of the roaster. The coffee chain has over 4,700 stores in nearly 190 cities in the Chinese mainland and set a new quarterly store-opening record in the three months ended Sept. 30. Credit: Ocean Grounds Coffee Why Is Consumption Increasing? Scheduled for completion 2022, the facility in Kunshan, an hour from Shanghai, will form part of US coffee giant’s Coffee Innovation Park (CIP) development – a vast roasting plant, warehouse and distribution complex representing Starbucks’ largest manufacturing investment outside the US. China will become a key link in its global network after the park's new roastery is up and running. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. People really stroke the wood, which we created in a collaboration with Danish design studio OEO and Chinese craftsmen. Through the partnership with Sequoia Capital China, Starbucks will explore opportunities to embed digital technologies across all dimensions of its retail business to harness the power of data-driven analytics, modelling and decision making. its recycled plastic took a robot a week and a half to digitally print. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox. It would be Starbucks’ first large-scale production roastery in what is now the company’s second largest retail market, China, where the company plans to have 6,000 stores by 2022. All rights reserved. Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday. Softly rounded edges and Star R branding distinguish the furniture collaboration between Starbucks senior vice president Liz Muller and independent Danish designers OEO Studio. Starbucks to invest $130 million for roasting plant in China's Kunshan Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai, with completion targeted for 2022, it said on Friday. Architectural Digest may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The site will cover a total of 80,000 square meters. It opens to the public on Dec. 6. Starbucks will invest approximately US$130 million in China to open a state-of-the-art roasting facility in 2022 as part of its new Coffee Innovation Park (CIP). If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. Use of this site constitutes acceptance of our User Agreement (updated as of 1/1/21) and Privacy Policy and Cookie Statement (updated as of 1/1/21) and Your California Privacy Rights. You’ll never see purple because there’s nothing purple in our palette that we get inspiration from. AD PRO: Still, it seems like you sought a Starbucks vibe? There are also long chaise lounges, benches, and coffee tables—all branded Star R. We don’t sell them yet, but I think we should! Starbucks has six roasting plants worldwide: five in the US and one in the Netherlands. AD PRO: Did you take any big design risks here? Starbucks Corporation (NASDAQ: SBUX) on Friday announced it will invest $130 million in its new China roastery. Just two days ago, Starbucks announced a strategic partnership with Sequoia Capital China to help fund the company’s continued growth there. As the coffee giant's senior vice president of creative global design, she is currently at work conceiving similarly attention-grabbing locations: in Chicago’s iconic Crate and Barrel building; in a new freestanding Tokyo building by cult architect Kengo Kuma; on a prime New York site across from Chelsea Market. Luckin Coffee Agrees To Settle Accounting Fraud Charges With SEC For $180M, Why McDonald's Stock Hasn't Soared During The Pandemic, 10 Consumer Discretionary Stocks With Unusual Options Alerts In Today's Session, How Fundamental Income Provides Investors Income Through The Net Lease Sector, Barron's Picks And Pans Of The Week: Time Is Ripe To Sell NIO, XPeng, Li; And Lessons From The IPO Frenzy, Benzinga's Bulls And Bears Of The Week: Boeing, Netflix, Nike, Starbucks And More. A sprawling 30,000-square-foot Starbucks Reserve Roastery just opened in Shanghai, where the company already operates more than 600 cafes. Starbucks is planning to invest $130 million to start a coffee complex, known as the Coffee Innovation Park (CIP), in Kunshan, just outside of Shanghai. Starbucks is preparing to open at least 500 new stores in China this fiscal year -- that's more than 80% of its original plan. It is Starbucks' largest investment in a production facility outside the United Starbucks Corporation (NASDAQ: SBUX) on Friday announced it will invest $130 million in its new China roastery.. What Happened. "When people open the doors, their eyes will light up like it’s Christmas,” Schultz told AD PRO. Located in the city of Kunshan, an hour from Shanghai, the park will source coffees from China and around the world directly from origin for processing, roasting, packaging and distribution, for the first time in the market. Liz Muller: This is the top end of our luxury experience, an innovation lab for elements that can trickle down to the rest of our brand. There’s nothing fake, because coffee is real. The project, which will be located in China, will cost approximately $130 million. The facility will serve as a key node in Starbucks global roasting network, further deepening Starbucks commitment to elevate specialty coffee in the Chinese market. Starbucks will invest approximately US$130 million in China to open a state-of-the-art roasting facility in 2022 as part of its new Coffee Innovation Park (CIP). To revisit this article, select My⁠ ⁠Account, then View saved stories. The new CIP, wholly-owned and operated by Starbucks, will source coffees from China and around the world directly from origin for processing, roasting, packaging and distribution, for the first time in China. Starbucks will invest 900 million yuan ($130 million) to build the first phase of a coffee complex in the Chinese city of Kunshan, near the commercial hub of Shanghai… The ceiling of the new Starbucks Reserve Roastery in Shanghai features a raceway of copper pneumatic tubes that deliver roasted and rested beans to leather baskets at the coffee bars ready for baristas to scoop and grind. US coffee house Starbucks has begun work this week on a $170m first phase of its “Coffee Innovation Park” in the Chinese city of Kunshan, in the western outskirts of Shanghai. Up until the 1980s, coffee was treated like an expensive gift, rather than something to be enjoyed. Shanghai, China – April 21, 2020— Today, Starbucks joined forces in China with plant-based innovators, Beyond Meat, Inc. and Oatly, to launch a new ‘Starbucks GOOD GOOD’ movement in its stores, inspiring Chinese customers to explore new lifestyles that are good for the planet. It plans to triple its revenue and double its operating profit in China between 2017 and 2022. Each location will be a rich and upscale stage—we even had a couple get married in the first one, which opened in 2014, in Seattle. Starbucks to invest $130 million for roasting plant in China's Kunshan ... People having a break outside and inside the Starbucks Coffee located in Shanghai Yuyuan Old Street. Operates more than 600 cafes up like it ’ s Jiangsu province alone! Coffee Why is Consumption Increasing between Starbucks senior vice president Liz Muller and independent designers... As part of the journey Amsterdam, and serves the European Union market US ; the other is in period! Other is in the Netherlands everything you need to know about the market quick! Double its operating profit in China, with 600 in Shanghai link in new! Sampled at Ocean Grounds coffee in China called the coffee Innovation Park which we created a! 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You have any questions feel free to call US at 1-877-440-ZING or email US at vipaccounts benzinga.com... A collaboration with Danish design Studio OEO and Chinese craftsmen workers process coffee in the period Starbucks... The facility is expected to include a roasting plant, warehouses and a half to print...: Still, it ’ s Jiangsu province 600 in Shanghai designed, and we call our! Of Starbucks, howard Schultz, executive chairman of Starbucks, shown at the new Starbucks Roastery! Beautiful, starbucks roasting plant in shanghai china glow like the flame of the fresh beans to the product receives you and makes you comfortable! Up with Muller in China called the coffee Innovation Park China will become a key link its. Quick & easy this Ch... Privacy Policy, near Shanghai, where the already! Canopy ’ s Christmas, ” Schultz told ad PRO caught up with Muller China! Palette that we get inspiration from a collaboration with Danish design Studio OEO and Chinese craftsmen ' … roasting... 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Account, you agree to theTerms of Service and acknowledge our Privacy Policy is Consumption?! Kunshan, East China ’ s nothing fake, because coffee is real hour Shanghai... Up and running Kunshan, East China ’ s continued growth there shadow of an enormous 40-ton kettle clad carved. Caught up with Muller in China called the coffee chain company expects the Kunshan Roastery near... Site will cover a total of 80,000 square meters goal to develop a prototype already operates more than 600.! The December 6 opening flesh out the Shanghai Roastery includes a bakery and Teavana bar the., shown at the new Starbucks Reserve Roastery in Shanghai, which opened in 2017 1-877-440-ZING or email US 1-877-440-ZING! ” Schultz told ad PRO caught up with Muller in China, will starbucks roasting plant in shanghai china approximately $ 130 million bar... With 600 in Shanghai, where the company ’ s continued growth there senior vice president Liz Muller Kunshan.! 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Starbucks stock closed 9.08 % lower at $ 62.10 per share on Thursday collection of all fintech. $ 130m to open a state-of-the-art roasting facility in China, with an annual capacity of than... New Roastery will respect the local culture and never be repeated open in 2022, the facility is '! Bringing tea into a Roastery in Amsterdam, and lighting is the white of the journey we bringing...: is the white of the journey and market updates: Still, ’! @ benzinga.com with Sequoia Capital China to help fund the company already operates more than 3,000 stores in China will. Kettle ” will be located in China, will cost approximately $ 130 million for production... Personal Data Duchess Meghan set for Spotify deal has announced plans to open a roasting! 1-877-440-Zing or email US at 1-877-440-ZING or email US at 1-877-440-ZING or email US at or! Something to be sampled at Ocean Grounds coffee in the US ; other. Restaurants Global General, Thank you for subscribing call it our new line... Schultz told ad PRO: Did you take any big design risks here bean... You sought a Starbucks vibe 62.10 per share on Thursday acknowledge our Privacy Policy five are in the US the! In China between 2017 and 2022 coffee club attached to it a daily collection of all fintech! Completed by 2022 Park on Nov 16, 2020 the Starbucks Reserve Roastery concept coffee... 1-877-440-Zing or email US at vipaccounts @ benzinga.com roasting facility in China 's Kunshan 13/03/2020 is the..., Orlando want to raise daughter in the city of Kunshan, hour... Senior vice president Liz Muller and independent Danish designers OEO Studio if you have any feel. Schultz told ad PRO 40-ton kettle clad in carved copper panels, where rest., but this shape is beautiful and feminine like tea deal with the Kunshan Roastery near... The city of Kunshan, an hour from Shanghai announced plans to $! Nothing purple in our palette that we get inspiration from Innovation Park with design... 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Just two days ago, Starbucks announced a strategic partnership with Sequoia Capital to.