April 30, 2004

 

 

China Soybean Producer To Increase Output
 

Harbin Soybean Food Co Ltd is vying for the leading position among the nation's soybean producers by lifting its annual output to 20,000 tons by the end of the year.

 

Affiliated with Harbin High-tech Group, Harbin Soybean Food is a comprehensive soybean processing company, with total assets registering RMB 330 million (US$40 million).

 

Covering an area of 150,000 square metres, the firm's factory is the only Chinese soybean protein processor that has obtained ISO9001 Quality Certification.

 

It processes 100,000 tons of soybeans annually and boasts 11 product ranges with more than 70 types, such as protein and grease.

 

Furthermore, its soybean protein isolates and textured soybean protein have both been granted national green food certificates.

 

Now the company boasts an annual production of 10,000 tons.

 

Commanding a large market share, the protein producer has established an extensive sales network. It has outlets set up in large cities such as Beijing, Shanghai, Guangzhou, Tianjin, Yantai and Dalian.

 

Its exports in 2002 reached 1,000 tons, worth US$1.5 million.

 

Since 2003, Its total exports have added up to 3,000 tons, earning US$4.5 million.

 

In addition, the company has undertaken a national high-tech project of research and development of key technologies and equipment for soybean processing.

 

Founded in 1993, Harbin High-tech Group became a listed company in Shanghai Stock Exchange in July 1997. Years of growth have helped the group accumulate total assets of RMB 1.4 billion (US$169.2 million).

 

The group focuses investment in soybean processing, biochemical industry, traditional Chinese medicine production, real estate and biological zinc chip development.

 

Currently there are 38 soybean protein-processing companies in China. Harbin Soybean Food is one of the pioneers.

 

It has put forward an idea of establishing a provincial protein industrial group and has gained the local government's support.