Herbalife Nutrition Announces Plans to Open First Product Innovation Center in Shanghai
26 September 2019 - 3:00PM
Business Wire
Herbalife Nutrition (NYSE:HLF), a premier global nutrition
company, today announced plans to open a Product Innovation Center
in Shanghai by the third quarter of 2020.
“Opening the Center allows us to strengthen our local research
and development capabilities to deliver more science-backed,
quality products and we expect to double both the number of
products and speed to market in the next five years,” said Dr.
Qunyi Zheng, senior vice president of Herbalife Nutrition, Chairman
of Herbalife Nutrition China.
With an investment of over 100 million RMB in the next three
years, the Innovation Center will be in Zhangjiang Hi-Tech Park,
often referred to as “China’s Silicon Valley.” The Center covering
over 21,500 square feet will include research and development space
dedicated to creating new products and packaging and house several
laboratories. Also, the Company plans to conduct studies such as
around weight management, sports nutrition, and personalized
nutrition to better serve consumers.
In China, Herbalife Nutrition opened its first factory in 1998.
Since then, the Company has grown its presence and now has the
upcoming Product Innovation Center in Shanghai, the botanical
ingredients center in Changsha and two production technology
centers in Nanjing and Suzhou.
Herbalife Nutrition also has manufacturing facilities in Lake
Forest, CA and Winston-Salem, N.C.
About Herbalife Nutrition
Herbalife Nutrition is a global nutrition company whose purpose
is to make the world healthier and happier. The Company has been on
a mission for nutrition - changing people's lives with great
nutrition products and programs - since 1980. Herbalife Nutrition
offers high-quality, science-backed products, one-on-one coaching
with an Herbalife Nutrition independent distributor, and a
supportive community that inspires customers to embrace a
healthier, more active lifestyle.
Herbalife Nutrition’s targeted nutrition, weight-management,
energy and fitness and personal care products are available through
its independent distributors in more than 90 countries.
Herbalife Nutrition supports the Herbalife Nutrition Foundation,
a non-profit organization that assists community organizations
focused on providing good nutrition. Herbalife Nutrition is also
proud to sponsor more than 190 world-class athletes, teams and
events around the globe.
Herbalife Nutrition has more than 8,300 employees worldwide. To
learn more, visit IAmHerbalife.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190926005205/en/
Jennifer Butler VP, Media Relations 213-745-0420
Herbalife (NYSE:HLF)
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