COFCO to Sell Nidera Seed Business to ChemChina’s Syngenta

COFCO Corp, China’s biggest foodstuff conglomerate by revenue, announced its overseas investment and management platform COFCO International has agreed to sell seed business of grain trader Nidera BV to agribusiness giant Syngenta AG on Monday [6 November 2017]. COFCO International had completed a full takeover of the Netherlands-based grain trader in February this year…Full Article:

China Foods Transfers Great Wall Wine Brand to COFCO

Continuing to dispose of its non-Coca-Cola assets, China’s second largest winemaker has transferred its money-losing wine business to a unit under parent firm COFCO Corp. In a HK$5 billion ($649 million) deal, China Foods Ltd. has offloaded its prestigious Great Wall brand, including five production plants in China, five wineries in and outside the country,

COFCO to Distribute Scotch Whisky

One of Scotland’s oldest whisky producers said it is tapping into the lucrative Chinese thirst for the drink after securing a major distribution deal with one of China’s food and beverage giants. Loch Lomond Group, based in Alexandria in Scotland, has entered into a partnership with China National Cereals, Oils and Foodstuffs Corp, also known

Coca-Cola and COFCO Joint-Venture Opens Bottling Plant in Hunan Province

Coca-Cola, the global leader in the beverage industry, announced Tuesday [11 April 2017] that its biggest bottling plant in central China began operating in Hunan Province. The new plant is designed to accommodate nine production lines — four for water products, four for sparkling beverages and one for juice and juice drinks. Four lines were

COFCO Nutrition and Health Research Institute Signs Cooperation Agreement with New Zealand Government Research Institute

A planned joint China-New Zealand food research center will bring scientific and economic benefits to both countries, the head of a New Zealand government research institute said Friday [17 February 2017]. The center would see New Zealand’s AgResearch collaborating with China’s largest State-owned food company and the largest university food science and nutrition research department…Full

COFCO Group to Implement Mixed-Ownership Reforms Including IPOs and ESOPs

Shares of three listed units of State-owned China National Cereals, Oils and Foodstuffs Corp rose sharply on Wednesday [22 February 2017], after the country’s biggest food supplier by volume announced further plans for mixed-ownership reform on Monday. COFCO Biochemical (Anhui) Co Ltd stocks reached their 10 percent daily limit in early trading hours, and settled