The Taiwan-headquartered supermarket group RT-Mart has signed an agreement to open a new supermarket in Taizhou, Jiangsu province, reported China Retail News. Construction is expected to start in October 2009 and it will open for business a year later.

With an investment of US$40m, the new RT-Mart will be located on the southern side of the Nantong Road in Hailing district, in the northern part of the city. A major renovation project has recently begun in this area.