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KFC Chain Stores Grow to 500 in China
Tricon Global Restaurants Inc., a U.S.-based fast food giant, said on Friday it has opened more than five hundred KFC chain stores in China.
Over 99 percent of KFC stores in China make a handsome profit and Tricon will make continued efforts to tap China's market potential, according to J. Samuel Su, president of Tricon in China.
He said the Chinese market has great potential with the impending time for China to enter into the World Trade Organization and its successful bid for the 2008 Olympic Games.
Since Tricon opened its first KFC store in Beijing in 1987, KFC has processed 240,000 tons of chicken in China, according to sources.
In 2000, the KFC stores in China purchased 800 million yuan (about US$93.02 million) worth of raw materials at local markets.
During the previous 11 months in 2001, KFC has set up 100 stores in west and north Chinese cities, with a total investment of 300 million yuan (some US$34.88 million).
Tricon Global Restaurants Inc., the parent company of KFC, Pizza Hut, and Taco Bell, based in Louisville, Kentucky, owns over 30,000 fast food stores globally. .
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