Help | Sitemap | Archive | Advanced Search   
  CHINA
  BUSINESS
  OPINION
  WORLD
  SCI-EDU
  SPORTS
  LIFE
  WAP SERVICE
  FEATURES
  PHOTO GALLERY

Message Board
Feedback
Voice of Readers
 China At a Glance
 Constitution of the PRC
 CPC and State Organs
 Chinese President Jiang Zemin
 White Papers of Chinese Government
 Selected Works of Deng Xiaoping
 English Websites in China
Help
About Us
SiteMap
Employment

U.S. Mirror
Japan Mirror
Tech-Net Mirror
Edu-Net Mirror
 
Thursday, June 14, 2001, updated at 18:36(GMT+8)
Business  

DuPont Purchases Food Company in Hubei

DuPont, a leading international science company, announced on Tuesday that it had acquired the Longyun Protein Food Group, in Central China's Hubei Province, as part of its efforts to expand its soy protein business in Asia.

According to Erik Fyrwald, DuPont's vice-president, the company will spend about US$20 million on the deal.

The project, which will be DuPont's first food and nutrition company in China, plans to produce 5,000 tons of soy protein a year, Fyrwald said.

Soy protein is a popular nutritional ingredient in foodstuff around the world.

"This acquisition realizes our local production of soy protein and will reinforce our strategy to increase the availability of good-tasting, healthy and convenient products for global consumers," he said.

DuPont began selling soy protein products in China in 1992.

The bulk of the project's products will be exported to meet mounting demand from the world market, he said.

DuPont estimates the current world food ingredient market, which is valued at US$20 billion, will grow by 3 to 5 per cent a year.

The food and agricultural sector is DuPon't second biggest and fastest-growing business division. Last year, sales in the division exceeded US$5 billion.

In the past 15 years, DuPont has invested more than US$5 billion in 15 joint ventures and wholly owned companies covering chemical and fibre production in China.

DuPont, one of the world's top 500 multinationals, reported a total turnover of US$1.6 billion last year in China, including the Hong Kong Special Administration Region and Taiwan Province.







In This Section
 

DuPont, a leading international science company, announced on Tuesday that it had acquired the Longyun Protein Food Group, in Central China's Hubei Province, as part of its efforts to expand its soy protein business in Asia.

Advanced Search


 


 


Copyright by People's Daily Online, all rights reserved