Sunday, May 17, 2009

COFCO to build four billion yuan in Tianjin Grain and Oil Base

By Professional editor working for oil screw press .

The forenoon of April 28, with a total buying into ratio of 40 billion COFCO comprehensive groundwork in Tianjin Grain and Oil in the ground-breaking observance was held in Tianjin Lingang Industrial Area.

COFCO president of the Asahi wave, the base will have a year after the completion of six million tons terminal throughput capacity of 1.5 million tons capacity special railway lines, 3.6 million tons of soybean processing capacity of 1.8 million tons oil processing capacity of 60 million boxes of packaging oil processing capacity of 200,000 tons and 200,000 tons of flour and rice, such as processing capacity. Each year in North China and around the market will supply 2.3 million tons of plant protein, 900,000 tons of edible oil, more than 600,000 tons of rice, flour and feed production will also VE, lecithin, isoflavones, saponins, margarine, shortening intensive processing, such as products, whole grains into a grain and oil industry chain of food processing park.

Base will be a phased makeup, one will be concluded the end of next year, a total financial endeavour of about 2.2 billion. At the matching time, the erected structure very included by the National Development and Reform Commission, Ministry of Commerce and other ministries to support, and storage ventures a 100 billion into the state of in the household demand moved ahead financial endeavour plans.

, Chairman of COFCO, said kernel and oil in nourishment in Tianjin is in the kernel convoluted in Tianjin, an significant strategic district, but furthermore in the nourishment commerce string of connections to the entire enterprise a new aim of Cereals, Oils & Foodstuffs an significant step.

Production base after COFCO oil in Tianjin oil processing capacity will reach 6,000,000 tons, of oil in the country's oil processing capacity will be more than 15 million tons.

At present, the oil enterprise in the sustenance gathering total of 12 production plants, chiefly found in Jiangsu, Shandong, Guangdong, Tianjin, Hubei, Xinjiang and other territories, grease oil processing scope for of more than 8,000,000 tons.

The development trusts that the seed of this is to snatch the north market, the world's four greatest global seed and oil oversized "ABCD" (ADM, Bunge, Cargill, Louis Dreyfus abbreviation) have been set up production plants in Tianjin, China 70 edible oils and fats % of goods produced scope for are in the hands of the "ABCD" hands.

COFCO was also related to sources, in food is considering the establishment in the north-east base of soybean cultivation. - 22787

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