Core Insights - The Yihai Kerry (Qingdao) Food Industrial Park has significantly increased its investment from an initial $300 million to $1.8 billion, reflecting the favorable industrial ecosystem in Shandong and Qingdao [1][5] Investment and Expansion - The project, initiated by Singapore's Wilmar International, is one of the largest comprehensive food parks in China, with three phases of construction, the first of which is already operational [1][5] - The park has signed contracts with 17 upstream and downstream enterprises, with a total investment of 11.5 billion yuan [6] Raw Material Sourcing - The park's annual peanut consumption is 180,000 tons, all sourced locally from Shandong, which helps reduce raw material storage costs [2] - The establishment of a standardized production model has increased the income of over 300 local farmers by 12,000 yuan per acre [2] Logistics and Supply Chain - The park benefits from a strategic location near Qingdao Port and the Qingdao Jiaodong International Airport, enhancing its logistics capabilities [4] - A dedicated railway line has been established, reducing logistics costs by 30% and increasing sales in the northwest market by 40% [4][5] Production Efficiency - The park's soybean processing project is expected to import 3 million tons of soybeans annually, significantly lowering transportation costs [5] - The utilization rate of soybean crushing capacity is at 85%, and the wheat loss rate in the flour workshop has been reduced to 0.3%, setting a new industry standard [6] Future Prospects - The annual output value of the park currently exceeds 8 billion yuan, with projections to reach 45 billion yuan upon completion of the third phase [6] - Plans for a fourth phase are in development, aiming to create a trillion-yuan industrial chain [6]