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: 日韩精品麻豆 | 欧美激情第1页 | 久久a久久| 国产毛片高清 | 久久久久久久国产 | 久久久久久久久久久国产精品 | 伊人久久婷婷 | 国产视频1区 | 亚洲一区视频在线 | 久久九九精品 | 99国产精品久久久 | 男女aa视频 | 欧美片在线观看 | 咪咪色影院 | 国产一区二区三区在线观看视频 | 国产4区 | 中文字幕天堂在线 | 成人自拍一区 | 亚洲 欧美 日韩 综合 | 免费视频久久 | www.狠狠爱 | 国产白丝在线 | 中文字幕少妇 | 免费观看一级一片 | 日本一区二区高清视频 | 日韩在线观看视频一区二区 | 超碰2021 | 午夜性刺激免费视频 | 国产精品免费一区 | xxxx精品 | 操操操操操操操操 | 久久久久久久国产精品 | 亚洲最新视频 | 亚洲s色| 人人爱人人搞 | jizz日本在线观看 | 91免费处女 | 午夜超碰| 国产又大 | 久久久性视频 | 黄色av免费 |