PhotosChina: Andre Juice increases stake in pectin producer
Chinese apple juice concentrate maker Yantai North Andre Juice Co. has announced that it will increase its stake in Andre Pectin, a pectin-producing subsidiary, from 30% to 40% for RMB 25 million (USD 3.6 million).
The move is in line with to Andre Juice's plans to diversify its product mix by developing its pectin business.
"Andre Group has ample experience in developing fruit and vegetable juice manufacture technologies. The Directors are therefore of the view that the further involvement of Andre Group will be able to facilitate the development of pectin business of the Group and advance the competitiveness of the Group in the marketplace", said the company.
Established in 1996, Andre Juice has concentrated juice processing bases in Shandong, Shaanxi, Jiangsu and Liaoning of China. The company also has branches and offices in China, Hong Kong, the US (Los Angeles), Canada (Vancouver) and the UK (BVI Islands). Over 95% products of the company are exported to US, Canada, Germany, France, Russia, Japan, South Korea and Australia.
Andre Pectin was established in 2003.
Source: flex-news-food.com
Chinese apple juice concentrate maker Yantai North Andre Juice Co. has announced that it will increase its stake in Andre Pectin, a pectin-producing subsidiary, from 30% to 40% for RMB 25 million (USD 3.6 million).
The move is in line with to Andre Juice's plans to diversify its product mix by developing its pectin business.
"Andre Group has ample experience in developing fruit and vegetable juice manufacture technologies. The Directors are therefore of the view that the further involvement of Andre Group will be able to facilitate the development of pectin business of the Group and advance the competitiveness of the Group in the marketplace", said the company.
Established in 1996, Andre Juice has concentrated juice processing bases in Shandong, Shaanxi, Jiangsu and Liaoning of China. The company also has branches and offices in China, Hong Kong, the US (Los Angeles), Canada (Vancouver) and the UK (BVI Islands). Over 95% products of the company are exported to US, Canada, Germany, France, Russia, Japan, South Korea and Australia.
Andre Pectin was established in 2003.
Source: flex-news-food.com
Publication date: 11/18/2009
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