China Food

The joint venture between Coca Cola and Mengniu was officially established. The golden dragon fish earned 46% more in the first three quarters. The sales of Budweiser in China increased by 3.1% in the third quarter. Yili Jian organic high-end dairy intelligent demonstration project

Hot company information and announcement

 

Coca Cola and Mengniu low temperature milk joint venture officially established (business information, company news)

According to industrial and commercial information, keniule dairy products Co., Ltd. was established on October 28, 2020, with the business scope of producing, selling and marketing low-temperature milk products. The two major shareholders are Coca Cola (China) Investment Co., Ltd. and Inner Mongolia Mengniu Dairy (Group) Co., Ltd. In the senior management team, venkata vamsi Mohan thatI, the new commander of Coca Cola in Greater China, is the chairman, while Lu Minfang, President of Mengniu, serves as the director.

In response to this, Coca Cola China today responded to snacks and said: “keniule dairy products Co., Ltd., jointly funded by Coca Cola (China) Investment Co., Ltd. and Inner Mongolia Mengniu Dairy (Group) Co., Ltd., has completed the industrial and commercial registration procedures and obtained the business license. The newly established joint venture will make full use of the advantages of both investors in dairy product research and development, dairy processing technology, brand influence and distribution channels, so as to bring a new brand of low-temperature milk to Chinese consumers and promote the upgrading of China’s dairy consumption. “

Net profit of golden dragon fish increased by 45.88% in the first three quarters (company announcement)

According to the third quarter report disclosed by golden dragon fish tonight, its revenue in the first three quarters was 139.993 billion yuan, with a year-on-year increase of 11.71%; the net profit was 5.09 billion yuan, with a year-on-year increase of 45.88%; and the earnings per share was 1.04 yuan.

Yili Group organic high-end dairy products intelligent demonstration project phase I project orderly promoted (Xing’an League administrative office)

 

According to information from the administrative office of Xing’an League today, Inner Mongolia Xing’an Yili Dairy Co., Ltd. takes “5g + industrial Internet” as its overall positioning, and plans to adopt full digital delivery design. The digital delivery results are used for the future operation and maintenance and scheduling of the whole plant, and as the basic data of the future park 3D command and dispatching center, it will become an intelligent factory. The construction land of the project is 1200 mu, with a total investment of 1.7 billion yuan, and 800 mu of construction land is reserved as the planning land for future development. After the completion of the project, the annual production capacity of 180000 tons of liquid milk products can be realized. It is estimated that the annual output value will be about 1.5 billion yuan, the tax revenue will be 20 million yuan, and 1500 people will be employed.

 

China Resources Snow beer production project in wusheng (Guang’an daily)

 

Recently, the production project of China Resources Snow beer with an annual output of 100000 kiloliters of canned beer was launched in wusheng. The project has a total investment of 100 million yuan and an annual output value of more than 500 million yuan. It is expected to be completed and put into operation before September 30, 2021. Its products mainly cover Chongqing, Nanchong, Bazhong, Dazhou, Guang’an, etc. According to Liu Gang, general manager of China Resources Snow Beer Sichuan region company, the annual output of 100000 kiloliter canned beer production project of China Resources Snow beer is the company’s first production line project in the whole Sichuan region.

 

Wang Laoji’s large health Meizhou original liquor extraction base was officially completed and put into operation (company news)

 

Yesterday, Wang Laoji health Meizhou liquor extraction base was officially completed and put into operation. It is reported that Wang Laoji’s large health Meizhou original liquor extraction base covers an area of 177 mu, with a total investment of 367 million yuan. The base consists of four projects, namely, the extraction project of Wang Laoji herbal tea liquor, the strategic reserve project of raw materials, the logistics center project and the R & D center project of Wanglaoji plant beverage. Among them, 24 extraction tanks in the base can extract more than 60 tons of medicinal materials every day after they are officially put into operation, and the annual output of herbal tea concentrate is more than 20000 tons.


Yili’s limit today (Sina Finance and Economics)

 

In the morning trading today, Yili shares, a leading dairy product company, opened low and went low, and finally closed the limit. As of the midday closing, the number of sealed single hands was nearly 170000, and the amount of sealed orders reached 667 million yuan. Yili shares from 2014 to now, Yili shares have had two times of limit, the last time was on April 27, 2018, two years ago.

Weiwei’s net profit in the first three quarters increased by 2.4 times (company announcement)

Weiwei shares released the third quarter report today. In the first three quarters, Weiwei shares achieved an operating income of 3.883 billion yuan, a year-on-year increase of 2.22%; the net profit attributable to the shareholders of the listed company was 316 million yuan, with a year-on-year increase of 240.67%; the net profit attributable to the shareholders of the listed company after deducting non recurring profit and loss was 39 million yuan, with a year-on-year increase of 39.30%. In addition, the company also announced that the shareholder Weiwei Group pledged 28 million shares.

 

Budweiser China sales increased 3.1% in the third quarter (company announcement)

 

Yesterday, Budweiser Asia Pacific reported a 13.5% drop in revenue in the first nine months in the Chinese market, driven by a 11.9% drop in sales and a 1.8% drop in revenue per 100 litre. Among them, in the third quarter, thanks to the continuous market recovery, especially the catering channel, the company’s sales volume increased by 3.1%, while the channel inventory remained at a stable level.  

 

Kraft Heinz’s third quarter net sales increased by 6% year on year (company announcement)

 

Yesterday, kraft Heinz announced its third quarter results as of September 26, 2020. According to the financial report, the company’s net sales in the third quarter were $6.441 billion, up 6.3% year-on-year and 6.3% organic. The company also announced that it would raise its forecast of organic growth in net sales for the full year to a median level.

 

The net profit of western animal husbandry increased 781.41% in the third quarter (company announcement)

 

Yesterday, western animal husbandry released the third quarter report of 2020. In the third quarter, the company’s operating revenue was 232 million yuan, with a year-on-year increase of 27.64%; the net profit attributable to shareholders of listed companies was 43115 million yuan, with a year-on-year increase of 781.41%.

 

Qingdao Beer’s net profit in the first three quarters increased by 15.17% (company announcement)

 

Yesterday, the third quarter report of 2020 released by Qingdao beer showed that in the first three quarters, the operating revenue was 24.422 billion yuan, a year-on-year decrease of 1.91%; the net profit attributable to shareholders of listed companies was 2.978 billion yuan, with a year-on-year increase of 15.17%.

 

Shuijingfang’s revenue in the first three quarters decreased by 26.58% (company announcement)

 

Yesterday, the third quarter report of 2020 released by Shuijingfang showed that the company’s operating revenue in the first three quarters was 1.946 billion yuan, a year-on-year decrease of 26.58%; the net profit attributable to shareholders of listed companies was 502 million yuan, a year-on-year decrease of 21.49%.

 

Wuliangye’s revenue in the first three quarters increased by 14.53% (company announcement)

 

Yesterday, Wuliangye’s third quarter report showed that the company’s operating revenue in the first three quarters was 42.49 billion yuan, a year-on-year increase of 14.53%, and the net profit attributable to shareholders of listed companies was 14.55 billion yuan, up 15.96% year-on-year. Among them, the net profit attributable to the parent company in the third quarter was 3.69 billion yuan, with a year-on-year increase of 15.03%.

 

Laiyifen lost 37.587 million yuan in the first three quarters (company announcement)

 

Yesterday, laiyifen’s three quarterly reports showed that the company’s operating revenue in the first three quarters was about 2.999 billion yuan, a year-on-year increase of 2.90%; the net profit attributable to shareholders of listed companies was – 37.587 million yuan, a decrease of 349.46% over the same period of last year.  


Kellogg raises its annual financial guidance again (Foodbev)

 

According to foreign media reports yesterday, Kellogg’s organic net sales increased by 4.5% in the third quarter, and once again raised its financial guidance for the whole year, raising its forecast of organic growth in net sales for the whole year from about 5% to about 6%. The report said that in the second quarter, the household consumption demand brought about by the epidemic promoted the sales of Kellogg, and this growth momentum continued to maintain a relatively stable state in the third quarter.

 

Keurig Dr Pepper’s third quarter net sales increased by 5.2% (Foodbev)

 

According to foreign media reports yesterday, Keurig Dr Pepper (KDP) said its third quarter net sales increased by 5.2% to $3.02 billion due to the continued strong growth of packaged beverage and coffee systems. It is reported that in the third quarter, net sales of KDP coffee systems and packaged beverage businesses increased by 3.0% and 10.7% respectively. Bob gamport, chairman and CEO of KDP, said he was confident of reaching the high range of 2020 guidelines, while reinventing potential value growth into brand marketing and innovation.

 

First meeting of Zhejiang Yiming Food Co., Ltd. (CSRC)

 

Yesterday, according to the official website of the CSRC, Zhejiang Yiming Food Co., Ltd. (IPO) was approved. Data show that the company is mainly engaged in the research and development, production, sales and chain business of fresh dairy products and baked food. The specific investment projects of the raised funds are: the construction project of marketing network direct marketing milk bar, Jiangsu Yiming food production base project, the new project of annual output of 30000 tons of baking products, and the R & D center and information construction project.

 

Coffee brand “Yingji” won tens of millions of Yuan Angel round financing (36 krypton)

 

According to 36 krypton today, the coffee brand “Yingji” has recently completed tens of millions of yuan of angel round financing, with the investor of ouyou group. It is understood that this round of financing will be mainly used for product research and development, brand building and marketing communication, supply chain integration and other aspects. Yingji was founded in 2016, positioning itself as a high-end boutique barista brand, and has many stores in Shanghai. In the second half of 2019, Yingji started the “store + product” mode, launched online boutique instant coffee products, and the monthly sales volume increased 10 times in half a year.

 

Hershey invests in Quinn (Food Business News)

 

According to foreign media reports recently, Hershey has participated in the d-round financing of American snack business Quinn, which plans to use the new financing to support new distribution and product innovation. According to reports, Quinn was founded in 2010, focusing on the raw material transparency concept of “from farm to packaging” for snacks, and its products have covered 7500 retail stores in the United States. Steve voskuil, Hershey’s chief financial officer, said: “Quinn’s rise as a leader in natural food is impressive and we look forward to supporting its next phase of growth.”

 

Hamburg Royal mother company upgrades North American auto restaurant service (company news)

 

Restaurant Brands International (RBI) recently announced that it is modernizing its auto restaurant services in more than 10000 Burger King and Tim Hortons stores in North America, including display of customized menus on digital screens, integration of member programs, remote and contactless payment. In addition, the RBI brand PoPeyes will also launch the relevant upgrade later this year.

 

A British latte milk beverage is found to be substandard in Hong Kong (Hong Kong Food Safety Center)

 

According to the official website of the Hong Kong Food Safety Center, a sample of UHT skimmed latte made in Britain from daioni organic does not meet the requirements of the food and drug (composition and labelling) regulations. The test item is that the milk fat content is less than 0.1%. The center said the affected batches were still stored in the warehouse and were not out of the market. The approval previously issued to the importer for the sale of the product will be suspended and the relevant UK authorities will be informed of the incident.

 

Group meal brand Qianxihe enters pet food (Beijing business daily)

 

According to the Beijing Business Daily reported yesterday, a company named star intelligence alliance appeared at the Beijing Pet Festival recently, and its exhibition area mainly displayed imported pet food. XingKong Zhilian Technology Co., Ltd. is a wholly-owned subsidiary of Qianxihe group, mainly engaged in import pet food and supplies agency business. Qianxihe is the largest group catering enterprise in China, with more than 200 catering brands incubated under its business scope covering group meal, hundred brand fast food and Internet catering, according to the report.

 

Daflan, a rice noodle snack brand of Baifu holdings, entered Beijing (Beijing business daily)

 

Yesterday, Baifu holding’s first restaurant in Beijing, which focuses on Hunan rice noodles and snacks, held a media open day and will officially open today. It is reported that dafilan is mainly engaged in Hunan rice noodles, in addition to stinky tofu and other local snacks with Hunan characteristics. At present, there are nearly 20 stores in China, mainly distributed in Shenzhen. Baifu has obtained the franchise right of the brand in Beijing market after investing in Da Fran.

 

To support young people’s employment, Nestle will jointly create 300000 new jobs and training opportunities (company news)

 

Nestle and Alliance for you recently announced that by 2025, 300000 new jobs and training opportunities will be created for young people in Europe, the Middle East and North Africa. Despite the pandemic, Nestle and its 300 alliance partners are committed to continuing their efforts to provide young people with first jobs, learning and training opportunities, the company said.

 

General Mills foundation donates $4 million to support food insecurity (Yahoo Finance)

 

According to foreign media reports today, the General Mills foundation announced a donation of US $4 million to non-profit organizations to support the response to the global food insecurity problem due to the epidemic.

 

Sprite sugar free theme store launched in Guangzhou (company news)

 

Today, Sprite announced on its WeChat official account that Sprite’s sugar free theme store will be officially launched in Guangzhou from November 1st to December 1st.

 

 

PepsiCo and Wumart group jointly donate 1 million to help poor farmers get rid of poverty (company news)

 

Yesterday, at the third Beijing consumer goods Expo and digital retail summit, PepsiCo Greater China region (hereinafter referred to as “PepsiCo”) jointly with Wumart group, multi-point platform and China Poverty Alleviation foundation held a donation ceremony for the public welfare activity of “Wumart supporting agriculture and more fun”. PepsiCo and Wumart group jointly announced a donation of 1 million yuan to the China Poverty Alleviation foundation to support poor farmers in Dongxiang Autonomous County of Linxia Prefecture, Gansu Province to plant zinc rich potatoes and help farmers get rid of poverty and become rich.

 

Deployment of green logistics, Budweiser uses hydrogen fuel cell vehicles in China

 

Yesterday, Budweiser held the second “Budweiser China Green Logistics open day” in China, and announced the further deployment of green logistics in China, including the official use of the first batch of hydrogen fuel cell vehicles in China.

 

Quick reading of food industry information

 

 

A new coronavirus nucleic acid test was found positive in one imported frozen pork product and outer packing sample in Rushan City (issued by Rushan)

 

Yesterday, Rushan City in the import of cold chain food routine random inspection, found that one imported frozen pork products and packaging samples sold to Rushan were positive for new coronavirus nucleic acid detection. Rushan City immediately launched the emergency plan for the prevention and control of cold chain food epidemic situation, sealed all frozen meat products and transportation vehicles involved, killed the products and environment, isolated all the close contacts, carried out nucleic acid detection and serum sampling test simultaneously, and all the isolated personnel were negative.

 

China strengthens epidemic prevention and control in cold chain logistics of imported goods and strictly investigates imported cold chain food (CNews)

 

Wu Chungeng, spokesman of the Ministry of transport and director of the Policy Research Office of the Ministry of transport, stressed on the 28th that the prevention and control of cold chain logistics links of imported goods should be strengthened, focusing on the prevention and control of epidemic situation of cold chain channels imported by roads and waterways, China News network reported. Supervise the cold chain logistics enterprises to strictly inspect the imported cold chain food, and shall not carry the imported cold chain food that cannot provide the source of purchase.


A kind of

Pay attention to “foodinc” and watch the wonderful news.

Similar Posts

Leave a Reply

Your email address will not be published.