Plum Group: Consolidate condiment market to build amino acid business

, which just approved the restructuring of Wuzhou Pearl's capital market in March this year, sold a non-public offering plan to raise 4.5 billion yuan to invest in amino acid manufacturing and compound fertilizer production projects, and in May was approved by the general meeting of shareholdersin fact, the refinancing plan "is not sudden, the company has been prepared for a long time", on March 29 this year, Meihua Group announced its latest strategic positioning, that is, "to become the world's leading amino acid enterprises and domestic leading condiment enterprises." According to the company's general manager Wang Aijun, at present, the company has become the world's largest amino acid category, one of the longest industrial chain enterprises, products covering food amino acids, pharmaceutical amino acids, feed amino acids and other fields"With the existing technical advantages, scale advantages and market advantages, the company will take advantage of the capital market, in the consolidation of condiment market share on the basis of the focus on creating amino acid products business." "
in amino acid products, in the past three years, Meihua Group has undertaken "863" and other national science and technology projects more than 10 items, access to more than 20 national invention patents, built a first-class level of research and development laboratory, in 2010, the national amino acid industry analysis and testing center also settled in Meihua Group, in May this year, the company also with the world industrial enzyme preparation signed an agreement with NoviXin co.gIn 2010, Meihua Group achieved operating income of RMB 5,015 million and net profit of RMB790 million, of which MSG and glutamate's operating income was RMB3,266 million, accounting for 65.13 percent of total revenue, and revenue from amino acid products was RMB549 million, an increase of 240.08 percent over 2009, accounting for 10.96 percent of total revenueAccording to the non-public offering plan previously disclosed by Meihua Group, the company intends to raise 4.5 billion yuan to build a new large-scale amino acid manufacturing and compounding (het) fertilizer production base in XinjiangIt is estimated that the Xinjiang project will increase annual operating income of 5,949 million yuan, new net profit of 900 million yuan, more than the Meihua Group's 2010 full-year operating income and net profit levelRelated LinksMeihua Group: To build the world's leading amino acid enterprises
in March this year, just through the restructuring of Wuzhou Pearl landing in the capital market of The Meihua Group (14.45 4.56% shares), in April to raise 4.5 billion yuan into amino acid manufacturing and compound fertilizer production projects of the non-public public release plan, and in May won the shareholders' meetingin fact, the refinancing plan "is not sudden, the company has been prepared for a long time", on March 29 this year, Meihua Group announced its latest strategic positioning, that is, "to become the world's leading amino acid enterprises and domestic leading condiment enterprises." According to the company's general manager Wang Aijun, at present, the company has become the world's largest amino acid category, one of the longest industrial chain enterprises, products covering food amino acids, pharmaceutical amino acids, feed amino acids and other fields"With the existing technical advantages, scale advantages and market advantages, the company will take advantage of the capital market, in the consolidation of condiment market share on the basis of the focus on creating amino acid products business." "
in amino acid products, in the past three years, Meihua Group has undertaken "863" and other national science and technology projects more than 10 items, access to more than 20 national invention patents, built a first-class level of research and development laboratory, in 2010, the national amino acid industry analysis and testing center also settled in Meihua Group, in May this year, the company also with the world industrial enzyme preparation signed an agreement with NoviXin co.gIn 2010, Meihua Group achieved operating income of RMB 5,015 million and net profit of RMB790 million, of which MSG and glutamate's operating income was RMB3,266 million, accounting for 65.13 percent of total revenue, and revenue from amino acid products was RMB549 million, an increase of 240.08 percent over 2009, accounting for 10.96 percent of total revenueAccording to the non-public offering plan previously disclosed by Meihua Group, the company intends to raise 4.5 billion yuan to build a new large-scale amino acid manufacturing and compounding (het) fertilizer production base in XinjiangIt is estimated that the Xinjiang project will increase annual operating income of 5,949 million yuan, new net profit of 900 million yuan, more than the Meihua Group's 2010 full-year operating income and net profit levelRelated Links:Plum Group: Building the World's Leading Amino Acid Stakes(Name)