View Full Version : Nongfu Sipping and Xinjiang Fruit to Develop Green Beverage

18-04-06, 11:52
SinoCast Via Thomson Dialog NewsEdge)BEIJING, Apr 18, 2006 (SinoCast via COMTEX) --Recently Xinjiang Fruit Group Co. Ltd and Nongfu Sipping Co. Ltd have agreed to invest CNY 600 million in developing green food by making use of wild fruit resources.

Xinjiang Fruit Group is the largest fruit company whose annual sales have successively gone beyond CNY 300 million and it is considered as the key agricultural enterprise both in Xiangjiang and in China. Nongfu Sipping is China's largest beverage company with annual sales of CNY 3,600 million.

This time the two fruit tycoons cooperate in two large-sized projects in North Xinjiang and South Xinjiang, namely, the 100,000 ton wild fruit processing industry with annual wild fruit juice output of 10,000 tons and vegetable juice output of 90,000 tons, and the 10,000 ton apricot processing project with annual output of 20,000 tons. In addition to the processing industry, market construction also plays an important part in this cooperation and a commercial fruit network is to be built in South Xinjiang, including a large-sized fruit exchanging market, a 50,000-ton cold storage and the fruit and vegetable package production line, etc. The total investment of the projects both in South Xinjiang and North Xinjiang account for CNY 600 million.

From China Construction Project Net, Page 1, Monday, April 17, 2006