Louis Dreyfus Company
(LDC) celebrated the groundbreaking ceremony for Fuling Food Industrial Park, a
joint venture with Donlink Group and HAID Group in Nansha, Guangzhou, as part
of its strategy to grow with the Chinese market.
Located in the center of the Guangdong-Hong Kong-Macao Greater Bay Area, the new food industrial park will be constructed in three phases and represents a total investment of RMB 7 billion (approximately $ 1.1 billion). The first phase, which will cover a 180,000m2 land plot upon completion in 2023, comprises a feed protein mill with daily soybean processing capacity of 6,000 tons, a vegetable oil refining mill with daily production capacity of 1,200 tons, and a packaged cooking oil production line with daily bottling capacity of 800 tons.
The project’s first phase will enhance LDC’s feed protein processing capacity in the region and, along with the company’s existing oilseed processing plant in Dongguan, Guangdong, will form an important industrial base for LDC in the Pearl River Delta. With unique geographical advantages and convenient traffic within the Guangdong-Hong Kong-Macao Greater Bay Area, the new food industrial park will become an important food and agricultural product storage and distribution center, helping to ensure efficient supply of high-quality protein products in South China.
“The construction of Fuling Food Industrial Park marks another positive step forward in LDC’s strategic plans, and another major milestone in our nearly 50-year journey in China,” said Jerrity Chen, Head of North Asia at LDC. “We see great potential for mutual growth, as we strive to meet the country’s evolving consumption needs and, in particular, growing demand for high quality food. The new food industrial park will enhance our capacity to expand in new areas with trusted partners whose expertise complements our own.”
Xiaoxiong Wang, President of Donlink Group, said “Against the backdrop of China’s Greater Bay Area development, Donlink is pleased to work with partners to transform the traditional grains and oils processing business and help create a new landscape for our industry.” “HAID Group has a long history of cooperation with LDC. As a high-tech agricultural and animal husbandry enterprise, like LDC we uphold the spirit of sincere cooperation and mutual benefit in all our value chain links. Thanks to the complementary strengths of participating partners, we believe the new food industrial park joint venture will drive strong shared growth and win-win results,” said Zhijian HUANG, Vice President of HAID Group.
Upon full completion, the food industrial park’s activities will span feed protein processing, high-tech ecological aquaculture, grains trading, food innovation and other sectors.