Nestle prina invests US $167 million to expand production in the US (company announcement)
Nestle’s Purina today announced further investment in the United States. The company will expand its operations in Cumberland County, Pennsylvania, employing another 94 employees and adding new processing and packaging lines at its Mechanicsburg site. And committed to invest more than 167 million US dollars in the project in the next three years.
Leaders of Heilongjiang Province meet with Guo Kongfeng, chairman of YIHAI KERRY group and his party (Heilongjiang daily)
Zhang Qingwei, Secretary of the Heilongjiang provincial Party committee and director of the Standing Committee of the provincial people’s Congress, met with Guo Kongfeng, honorary president of the China Federation of overseas Chinese businessmen, chairman of the board of directors of Singapore Fengyi international group and chairman of Yihai Jiali group in Harbin yesterday. Guo Kongfeng said that Yihai Jiali group will rely on Heilongjiang’s rich agricultural resources to develop deep processing industries such as corn, rice, soybean, wheat, sugar beet and potato, introduce downstream industries such as medicine and chemical industry, and build central kitchen, so as to build Yihai Jiali (Fuyu) Modern Agricultural Industrial Park into the largest and most comprehensive agricultural products intensive processing base in the world.
Food brands of COFCO group participated in cloud exhibition of national sugar and Wine Fair (company news)
Yesterday, the 102nd national sugar and Wine Fair (hereinafter referred to as “national sugar and Wine Fair”) opened online. COFCO food zone will be set up in this national sugar and wine fair, and products and brands of COFCO group will participate in the exhibition. COFCO Cereals, COFCO Coca Cola, COFCO tea, Mengniu, COFCO Nutrition Research Institute, COFCO sugar, COFCO sugar, Liaoning sugar, COFCO spirits, Great Wall wine, Kong Yiji wine, mingzhuangyi, etc. Through product display, business negotiation, market release, live broadcast and other ways to show brand image, products and services.
China Resources Group signs strategic cooperation framework agreement with Guangxi Autonomous Region (company news)
Yesterday, the SASAC of the State Council and Guangxi Zhuang Autonomous Region held a video conference on the entry of central enterprises into Guangxi and held a signing ceremony. China Resources Group signed a strategic cooperation framework agreement with “cloud” of Guangxi Autonomous Region People’s government, and Wang Xiangming, chairman of China Resources Group, signed on behalf of the group. According to the contents of the agreement, during the “14th five year plan” period, the two sides will deepen cooperation in various fields such as large consumption, big health, energy services, urban construction and operation, and help Guangxi develop with high quality by building a number of influential and driving projects.
Yantang’s revenue was flat in the first half of the year, and its net profit decreased by 9.61% (company announcement)
Yantang dairy yesterday released a semi annual report, which showed that as of this year, the company’s semi annual operating income was 7025.5 million yuan, an increase of 0.53% year-on-year. The net profit attributable to shareholders of listed companies was 60.11 million yuan, a year-on-year decrease of 9.61%. In the first half of the year, the company’s revenue mainly came from lactic acid bacteria beverage and liquid milk, with the revenue of 267 million yuan and 242 million yuan, respectively, increasing by 8.10% and 6.87% year-on-year; the revenue of fancy milk and ice cream was 182 million yuan and 6.8351 million yuan, respectively, down 11.05% and 37.34% year-on-year. The company said that novel coronavirus pneumonia in the first half of 2020 has affected the epidemic prevention and control, public transport is blocked, people’s willingness to travel is reduced, schools are delayed, and dairy demand is suppressed. Since the second quarter, with the gradual control of the domestic epidemic situation, the dairy consumer market has gradually recovered.
Wyeth completes the change of directors and managers (business information)
According to industrial and commercial information, Wyeth (Shanghai) Trading Co., Ltd. completed the filing of directors and managers on July 27. Qu Feng, the former director and general manager, withdrew and Zhang Suyi, a new director and general manager.
Hexing group releases profit warning (company announcement)
Hexing group, the parent company of Hong Kong Yoshino and DQ, announced on the stock exchange today that it expects the group to have a medium-term loss of no more than 70 million yuan as of June 30, compared with a net profit of about 57 million yuan in the same period last year. The announcement said that the Group recorded profit as a loss mainly due to the decline in sales performance and the corresponding impairment of the right to use assets. 2019 novel coronavirus pneumonia has adverse effects on the mainland business environment. Despite the measures taken to control operating costs, financial performance has been affected.
U.S. FDA changes export listing procedures of dairy products and infant milk powder to China
Yesterday, the U.S. Food and Drug Administration (FDA) announced changes in the export listing procedures for dairy and infant formula companies to China.
According to the economic and trade agreement between the government of the United States and the government of the people’s Republic of China on January 15, 2020, companies seeking to be listed as eligible to export dairy products and infant formula milk powder to China should no longer provide them to FDA, and FDA will no longer provide confirmation to China that the third-party auditor finds that the company meets relevant Chinese standards, laws and regulations 。
On June 24, the U.S. Department of agriculture’s Department of agricultural marketing services, acting under the economic and trade agreement, announced that factory audits of dairy and infant formula companies seeking to export to China would be cancelled from July 1, 2020.
The FDA reminded companies intending to export dairy products and infant formula to China that they would only be included in the export list if they basically complied with applicable FDA regulations. Companies can apply for inclusion in these lists through the FDA’s export list module (ELM).
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