Fuji Oil Co announced that it plans to invest around US$5.5 million in a plant at Shandong Longteng Fuji Foodstuffs Co in Shandong Province to expand Fuji's soybean protein production.
Fuji Oil's investment will also raise its stake in the Shandong company to 52%. Construction of the plant was scheduled to commence before the end of 2003, with completion scheduled for October 2004.