New Hope Liuhe, a listed-company of China’s largest feed-grain producer New Hope Group, said it will consider more overseas acquisition possibilities to feed the country’s growing appetite for meat. “We will look into the possibilities of mergers and acquisitions abroad. This is not only to satisfy domestic demand but also part of the company’s strategy to have global presence,” Deng Cheng, vice-president of New Hope Liuhe Co Ltd, told China Daily…Full Article: ECNS.cn Sept 2016
- According to the Vice-President of New Hope Liuhe, his company may invest and look for acquisitions in Poland. The VP of New Hope also noted that company plans to invest approximately CNY 8.8 billion yuan (US$1.3 billion) in pig breeding. The company may also increase its poultry capacity.
- New Hope Group is reportedly China’s largest feed producer with an annual production capacity of 26.6 million tons.
- In April 2016, New Hope Group announced they planned to invest CNY 10 billion (~US$1.54 billion) on food related assets (e.g. high end animal protein) overseas over the next 3 to 5 years.
- In September 2014, New Zealand’s Synlait Milk announced plans to acquire a 25% stake in New Hope Group’s infant formula subsidiary, Sichuan New Hope Nutritional Foods (founded in 2001). New Hope Nutritional markets the “akara” brand of infant formula products in China.
- In April 2013, New Hope Group expressed interest in establishing an animal feed plant in the port area of West Bengal, India.
- In 1999, New Hope Group set up its first overseas plant in Vietnam. It has since established eight overseas factories in Vietnam, Bangladesh, Philippines, India and Indonesia.
- In 1996, New Hope Group began its overseas investment strategy.
- Established in 1982 and headquartered in Sichuan province, New Hope Group is one of China’s largest privately owned agricultural conglomerate, with more than 400 subsidiaries and over 80,000 employees (as of early 2013). The firm is China’s largest feed producer, as well as one of China’s largest suppliers of meat, egg and dairy products. New Hope Liuhe (SHE:000876) is a Shenzhen-listed company of New Hope Group.