Tuesday, April 6, 2010

United Food Holdings Ltd Future Plans

The Group's plan for the future will be as follows:
  • Provide superior quality soybean related products to our valued customers via total quality management with streamlining cost structures.
  • Apart from the North Easter region of China, the Group will actively penetrate new market in the middle region of China, such as Sichuan, Hunan & Anhui Provinces

Group's action plans would include:

  • Fully utilize the existing capacity and fine-tune the purchasing, asset cash conversion cycle (including stocking of raw materials and finished products) and sales cycle (including collections)
  • Close monitoring of soybean price movement
  • Keep abreast with the market development to increase the flexibility and strength of distribution channels.
  • Expedite the completion of phase II soybean processing plant.

The phase II soybean processing plant (with a maximum production capacity of 720,000 tons of soybean per annum) is targeted to be completed in the 4th quarter of 2010. The plant will go through a trial run for one to two months.

United Food Holdings Ltd has gone from pig rearing to soybean processing.

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