February 23, 2007

US investment firm sets its sights on China's agriculture sector
 

US-based investment firm Bryant & Morrisson is setting its sights on China's agriculture products processing sector and plans to invest a total of US$75 million this year in the sector.

Projects include agriculture, agriculture deep processing and food processing projects, especially in the beef and mutton processing sector.

Bryant & Morrission hopes to work with China's companies to form joint-ventures or invest directly in the companies.

Poultry producer Fujian Shengnong Co. Ltd last year obtained RMB 60 million (US$7.74 million) through two investment companies while Sequoia Capital China has invested in Fujian's Linong which is involved in vegetable planting and processing.

According to market analysts, although most of China's agricultural companies remain small scale, they carry huge development potential and only lack the capital from investment companies to develop themselves to their fullest.

US-based Bryant & Morrission International Group's businesses include property development, mechanics and electronics and industrial trading. The cash-rich company is handling US$2.87 billion in its portfolio and is keen on to seek out opportunities in China.