June 18, 2014
New Hope Group partners Asiasea to enter seafood business
New Hope Group, a leading supplier of meat, egg and dairy products in China, has signed a strategic cooperation framework agreement with Asiasea (Dalian) Seafood Co., Ltd. (Asiasea), marking the group's entrance into seafood business.
According to the agreement, the two companies will cooperate on streamlining of supply channels, product development and sharing of information. The two companies did not reveal the amount of investment that New Hope Group plans to make in the new business.
Asiasea is the largest seafood supplier in China. The company processes 80,000 tonnes of seafood per year and supplies products to over 20,000 restaurants and supermarkets across the country.
With annual sales of US$8.8 billion, New Hope Group is the largest agricultural enterprise in China.