China New Hope Dairy Group invest RMB 570 million to establish the southwest largest dairy base in Pixian Town, Sichuan Province
China New Hope Dairy Group recently invest RMB 570 million to establish China southwest largest dairy base with a expected annual sales value around RMB 2 billion. This project is cooperated with Sichuan government and is planned to use one year to build up.
With total assets of 3 billion RMB at mid 2003, New Hope Agriculture Stock Co., Ltd. (SZ000876) was reviewed by the authoritative Chinese Securities Asian Commerce Institute as the 23rd among the 50 Most Prospective Listed Corporations in China. New Hope is the chief sponsor and the largest shareholder of Minsheng Bank (SH600016), and main initiative shareholder of Minsheng Insurance. Recently, New Hope not only invested with 570 million RMB to establish the southwest dairy base, but also became big shareholders of Fujian Lianhua Trust Investment Co., Ltd. and Jinying Fund. With total assets of 1.2 billion RMB and an annual output of 350,000 MT liquid milk, New Hope Dairy has become the 2nd largest dairy cooperative in the South China. Altogether the high and middle grade housings built by New Hope Real Estate amounted above 1 million square meters. A joint venture with International Finance Corporation under World Bank and Chengdu Chemical, Chengdu Huarong Chemical Co., Ltd. is the largest manufacturer of high-purity potassium hydride in China. The subsidiaries of New Hope rank at the 2nd in producing calcium phosphate.
Following the development strategy of professionalization and comprehensiveness, New Hope Group consolidates the current main businesses and explores new areas as well. Hence, investments in municipal gas, electronic information, modern trade and logistics have become influential. Guided by President Liu, all staff will work hard to realize the ideal of "One-hundred-year New Hope".
Michael Boddington from Asian Agribusiness Consulting (AAC) has been involved in agribusiness in Asia since 2000. AAC has office both in Vietnam Ho Chi Minh City and China Beijing. So AAC has a thorough understanding of the Viet Nam and China aqua industry and produces up-to-date research reports on the market. We can offer insights on supply and demand trends and comments on the future structure of Asian agribusiness. If you would like to know more please email This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
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