日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

KKR agrees to buy 18% of China chicken firm for $400m

(Agenices) Updated: 2014-08-27 07:41

KKR agrees to buy 18% of China chicken firm for $400m

Husi faced unethical practice claims in 2013

KKR agrees to buy 18% of China chicken firm for $400m

McDonald's fishing for supplier
Private equity giant KKR & Co LP has made its fourth food safety-linked investment in China, agreeing to buy 18 percent of chicken producer Fujian Sunner Development Co Ltd for $400 million, the two firms said on Tuesday.

The deal comes as food safety scandals plague the country. US food maker Heinz apologized to Chinese consumers last week and said it would tighten controls over suppliers after it was forced to recall some infant cereal from store shelves due to excess levels of lead.

KKR's investment, for new shares in the company, will be used to increase production at Fujian-based Sunner, which supplies KFC and McDonald's, to provide safe chicken products through large-scale farms.

"Partnering with companies that meet China's demand for increased food safety is one of our key focuses," said David Liu, CEO of KKR Greater China.

Chicken is the fastest-growing protein source in the Chinese mainland, but is only 17 percent of total meat consumption, compared to nearly 40 percent in Taiwan and Hong Kong. Large-scale farms produce 95 percent of chicken in the United States, but only 30 percent in China.

Buyout firms such as KKR, Carlyle Group and Olympus Capital have become regular investors in China's food chain, employing Western technology and supply chain management to address the country's food safety scares.

KFC parent Yum Brands Inc, McDonald's Corp, Wal-Mart Stores Inc and Fonterra Co-operative Group Ltd have all suffered recently - and such incidents can seriously dent sales.

Retailers have even taken to offering insurance to customers who buy infant milk powder, showing the lengths to which companies will go to address concerns about food safety in China.

KKR earlier this year invested $150 million in COFCO Meat, a subsidiary of China's State-owned COFCO Group. The firm previously invested in China's food supply chain, through milk producer China Modern Dairy Holdings Ltd.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 久草日韩 | 亚洲成人精品在线播放 | 亚洲自拍三区 | 中文字幕在线免费观看视频 | 一级片aa| 亚洲一级免费视频 | 国产精品久久久久久无人区 | 国产亚洲区 | www.婷婷色 | 日韩一区二区三区在线观看视频 | 四虎视频国产精品免费 | 久久中文免费视频 | 韩国一级淫一片免费放 | 欧美性受黑人性爽 | 成人一区二区三区视频 | 日日夜夜精品视频免费 | 国产一卡二卡 | 国产黄频| 激情五月色播五月 | 日韩久久久久 | 91色在线视频 | 欧美色图亚洲天堂 | 免费看片成人 | 久久久999成人 | 亚洲欧美一二三 | 国产成人在线免费观看视频 | 精品免费在线视频 | 涩涩一区| 免费一级淫片 | 欧美一级片免费 | 亚洲精品国产一区二区 | 久色免费视频 | 欧美日韩在线看 | 中文字幕一区二区在线观看 | 三级影片在线观看 | 美日韩一区 | 在线观看国产日韩 | www.黄色国产 | 久久亚洲视频 | 日韩不卡视频在线 | 亚洲成人精品一区二区 |