On April 24, at the press conferences on the announcement of “Top 100 Companies in China’s Food Industry” and “Top Ten Companies in respective of industry”, COFCO Flour Industry (Qinhuangdao) Pangthai Co., Ltd. companies was picked up as one of top ten further strengthen in Grain processing industry which upgrade its leading position in the field of wheat processing.
Facing with the fierce competition environment in the wheat processing industry, the wheat processing division which focused on specialization management practice, speeded up the implementation its strategy, consolidated and integrated its resources. Now it owns 10 subsidiaries with a total milling capacity of 1.9 million metric tons. In 2008, its net profit margin and return on investment rose significantly.
By leveraging on quality products, clients oriented serving approaches and comprehensive product solutions to the clients, COFCO wheat flour have well established itself in the marketplace and become top supplier of high and wheat flour and specialized wheat flour. On B2B business, its “Xiangxue” Brand which is mainly used on wheat flour, noodles and bread is growing rapidly from Northest part of China to Beijing, Tianjin, Yangtze Delta River Region, Middle-South and South-West part of China.
The ranking, organized and announced by the China National Food Industry Association, is prioritized based on information from the Statistics Year Book 2008 for food industry, combined with data collected from the Nation Commercial Information Centre of China, the scale of the corporate, revenues and earning power. It is recognized as an authoritative ranking in the industry.