男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Overseas expansion plan for animal feed firm

Updated: 2012-01-18 09:41

By Diao Ying (China Daily)

  Comments() Print Mail Large Medium  Small

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: 浮山县| 堆龙德庆县| 常熟市| 永昌县| 永靖县| 苗栗县| 疏勒县| 故城县| 嵩明县| 肥城市| 台安县| 河间市| 梁河县| 土默特左旗| 峨眉山市| 菏泽市| 平南县| 平顶山市| 安龙县| 琼海市| 台前县| 清苑县| 沙雅县| 六枝特区| 电白县| 江山市| 边坝县| 盖州市| 通山县| 北碚区| 中方县| 闽清县| 宜兰县| 万全县| 定兴县| 北川| 平昌县| 开平市| 抚松县| 河西区| 准格尔旗| 台前县| 吉木乃县| 鄂托克旗| 新乡县| 淳安县| 沙河市| 祁连县| 威信县| 寿光市| 信丰县| 元江| 孟津县| 满洲里市| 鄯善县| 武陟县| 石林| 县级市| 华池县| 茂名市| 遵义县| 丰原市| 拉萨市| 齐河县| 随州市| 娄底市| 喜德县| 天柱县| 敦化市| 教育| 崇文区| 安达市| 榕江县| 河曲县| 延川县| 浠水县| 玉林市| 尼玛县| 蓝田县| 安塞县| 洱源县| 封丘县|