Noble Group Closes Deal with COFCO to Establish Agribusiness Joint Venture30 Sep 2014 --- COFCO Corporation, a leading supplier of diversified products and services in the agricultural products and food industry in China, Noble Group Limited, a market-leading global supply chain manager of agricultural and energy products, metals and minerals headquartered in Hong Kong, and an investment consortium consisting of Hopu Investment, Temasek, IFC and Standard andChartered Private Equity, are pleased to announce that the proposed transaction to form an agri-business joint venture “Noble Agri” has been successfully closed. “I would like to thank all the parties that enabled this transaction to come to fruition seamlessly,” commented Mr. Frank Ning, Chairman of COFCO Corporation. “COFCO’s purchase of a controlling stake in Noble Agri is a significant milestone in our strategic move to enhance our presence in the seaborne market for agricultural products. We look forward to working in partnership to build on Noble Agri’s existing footprint and to increase its presence in the global market.” Mr. Richard Elman, Chairman of Noble Group said, “The completion of this transaction marks a significant milestone in the continued development of our bulk commodity business. I would particularly like to thank our new partners for their support in bringing this transaction to fruition and have every confidence that with their support Noble Agri will emerge as a key player in global agricultural markets.” To contact our editorial team please email us at editorial@cnsmedia.com 
COFCO Corporation
Collapse
COMPANY DETAILSCOFCO Corporation 31st Floor, Top Glory Tower Hong Kong 12345 China
Tel. 0086 85018552 ACTIVE CATEGORIESAs an important section of the whole industry chain of COFCO, BCBE creates rich and varied products deriving from corn on the support of powerful bio-tech. Through superior service system and global network, we are striving for one-stop nutritional solution to our hi-end food customers. Hand in hand with our clients, we develop new formula and flavor with nutrition and health for millions of households. By right of advanced bio-refining process and outstanding R&D, the industrial platform of BCBE is also endowed with new conception and application of green and environment-friendly. As the largest biofuel provider in China, BCBE makes great contributions for energy saving and emission reduction in transport sector, fulfilling the social liability of state-owned corporation. Meanwhile, complying with national strategy and industrial plan, we are focusing on the exploration and industrialization of non-grain advanced biofuels and biodegradable material for the purpose of decreasing environmental pollution and breaking a new path for national energy security and energy saving. Related ArticlesFood Ingredients News Profit drop: Cargill Q2 performance impacted by trade turbulence, mixed results for ingredients businesses
04 Jan 2019 --- Agricultural commodities supplier Cargill has reported weakening Q2 results in some divisions, including food ingredients. Adjusted operating earnings were US$853 million for the fiscal 2019 second quarter and first half ended November 30, 2018, down 10 percent from the US$948 million earned in last year’s strong comparative period. This brought first-half earnings to US$1.74 billion, a 5 percent decrease from the prior year. The company reports a reliable performance in an uncertain environment, navigating volatile agricultural markets that have been disrupted by trade conflicts such as the US-China disputes. Food Ingredients News Weekly Digest: Sustainability recognition, Arla Foods Ingredients eyes growth in South America
09 Feb 2018 --- This week in business, there were several announcements made for recognition in sustainability, including Unilever, ADM and IFF. First Milk announced that it has been awarded Best Strategic Partnership in the 2018 Nestlé Supplier Awards and DSM appointed a new EMEA Vice President (VP) of its Human Nutrition & Health business. Elsewhere, Orkla announced promising results for 2017 and Arla Foods Ingredients seeks market growth in South America. Business News Syngenta to acquire Nidera Seeds from COFCO
06 Nov 2017 --- Swiss agri-business and Chinese grains trader China National Cereals, Oils and Foodstuffs Corporation (COFCO) have announced that Syngenta has entered into a binding agreement to acquire Nidera Seeds. The Chinese-state owned food processing holdings company COFCO International is the country’s largest food processor, manufacturer and trader. It focuses on corn, sunflowers, sorghum, soybeans and wheat. Business News COFCO Acquires Part of Coca-Cola’s Bottling Operations in China
21 Nov 2016 --- On November 19th, COFCO Coca-Cola Beverages Limited, a subsidiary of COFCO Corporation, together with the other two main Coca-Cola bottlers in China and the Coca-Cola Company, reached a definitive agreement to refranchise all existing Coca-Cola bottling operations in China. Upon the completion of the agreement, COFCO and Swire will carve up Coca-Cola’s bottling operations in China, among which, the number of bottling plants run by COFCO will increase from 12 to 18. Food Ingredients News Coke Beats Expectations in Quarter Helped by Cost-Cutting and Commodity Prices
10 Feb 2016 --- Coca-Cola beat analyst expectation in its fourth quarter results, helped by its performance in the US, favorable commodity prices and cost-cutting. |
