The Chinese company plans to acquire nine hectares of land in the north-eastern industrial zone of Inđija, the Inđija government said in a statement on Wednesday.

"I am very satisfied with the speed, at which the projects we start developing in your country are being implemented," the general director of the company, Ching Wei Qao, said in the statement.

Qingdao Rongxing, based in the province of Shandong, operates a chicken meat factory that provides supplies globally to restaurant chains such as KFC, the Indjija government said.

Representatives of Qingdao Rongxing participated in a Chinese food industry delegation that visited Indjija to inspect the investment conditions in the municipality.