www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Overseas expansion plan for animal feed firm

Updated: 2012-01-18 09:41

By Diao Ying (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

BEIJING - New Hope Group, China's biggest manufacturer of animal feed by sales and production, is to expand its business in emerging markets through a joint venture with Marubeni Corp, Japan's biggest grain trader, to tap into the region's rising demand for agricultural products.

The companies signed a letter of intent to expand in Africa, the Middle East, Eastern Europe and South America, Bloomberg cited the Japanese company as saying in a statement on Tuesday. Xiang Chuan, board secretary of the subsidiary, New Hope Liuhe Co, confirmed the cooperation when reached on Tuesday, without providing financial details.

New Hope Group has been expanding its overseas business in the face of fierce competition in the animal feed business in China, the company said in its latest annual report. It plans to double its investment in overseas markets annually, according to a report on the company's website.

The company now has 16 feed factories overseas, and it plans to add four more annually. It did not provide a schedule for the opening, according to Tang Yong, a company director, in an interview posted on the company's website in December. Each overseas factory will have a production capacity of between 100,000 and 200,000 tons, the report cited Tang as saying.

Tang was not available for comment, but Qu Yu, a spokeswoman for the company, confirmed the report on Tuesday.

New Hope's overseas animal feeds business has long been based in Asia only. The company set up its first non-Chinese factory in Vietnam in 1999. Since then, it has expanded into other Asian countries, including Cambodia, the Philippines and Bangladesh. Now it is looking to expand in other areas, such as Africa and the Middle East.

The company has completed the construction of an animal feed factory in Egypt, which will soon become operational, according to Tang. It will also begin work on a plant in Johannesburg, South Africa, according to his comments in the report.

The profitability of New Hope's overseas business is strong, according to Jiang Xiaodong, an analyst with Huatai United Securities Co Ltd. "Demand in Southeast Asian countries is increasing rapidly, but their animal feed businesses lag behind. The company will quicken its expansion in overseas markets in the future," Jiang said in a research note.

The company's total production capacity is around 3.8 million tons, including 2.3 millions tons in China and 1.5 million tons overseas, according to Mao Changqing, an analyst with CITIC Securities Co Ltd.

"In the medium- to long term, the overseas business will keep increasing rapidly. Overseas business will be one of the main drivers of the company's overall business expansion," Mao said in a research note.

主站蜘蛛池模板: 一级片免费的 | 成人看片黄a毛片 | 精品国产一区二区二三区在线观看 | www.九九| 欧美成人在线影院 | 亚洲国产精品久久 | 成人免费视频一区二区三区 | 成人99国产精品 | 国产精品国产亚洲精品看不卡 | 亚洲加勒比久久88色综合 | 黄色大秀视频 | 欧美精品黄页免费高清在线 | 9999毛片免费看 | 在线看片欧美 | 久久手机视频 | 一级特黄特黄毛片欧美的 | 欧美理论在线 | 综合九九 | 国产欧美另类久久久品 | 狠狠色狠狠色综合日日32 | 国产午夜精品久久久久小说 | 欧美在线黄 | 欧美日韩精品乱国产538 | 久久精品国产99久久99久久久 | 波多久久夜色精品国产 | 性欧洲精品videos' | 成人免费观看网欧美片 | 天天鲁天天爱天天鲁天天 | 亚洲国语 | 欧美另类视频一区二区三区 | 美女视频网站免费播放视 | 亚洲视频在线视频 | 亚洲精品 欧美 | 一级中国乱子伦视频 | 国产一区高清 | 黄色在线视频网 | 99久久精品免费国产一区二区三区 | 99免费在线播放99久久免费 | 亚洲国产欧美日韩 | 亚洲日韩中文字幕天堂不卡 | 欧美精品亚洲精品日韩一区 |