Saint-Agriculture development to establish joint venture company into McDonald's suppliers

Source: Internet
Author: User
Keywords Suppliers McDonald's
Tags accounting accounts company customers development enterprise finance group
NetEase Finance December 6 News of the Development of the night notice, the company intends to Legis in the United States to jointly invest 200 million yuan to establish a Sino-foreign joint venture enterprise "Fujian Fu Sheng Agriculture and Animal Husbandry Development Co., Ltd.". The amount of capital invested by the company is 102 million yuan, accounting for 51% of the registered capital, and the amount of capital invested by Legis Company is 98 million yuan, which accounts for 49% of registered capitals.  After the establishment of the joint venture company, the remaining investment funds (135 million yuan) will be used in the construction of production facilities such as breeder farms and broiler Farms according to the actual situation. The joint venture will be lawfully operated as a supplier of Chinese chicken-one-stop raw materials for McDonald's.  The JV company will follow the McDonald's requirements on food safety and Social Code of conduct and other requirements stipulated in the business cooperation agreement with McDonald's to provide customers with safe, high-quality, competitive price products, and to create a good return on investment for shareholders. After the establishment of the joint venture, as the only McDonald's company designated in China's chicken one-stop raw materials suppliers, McDonald's direct supplier in China will be changed to Fu Hi Company, Ming Foundation and joint Ventures Three, the company can be the largest in the future to obtain the McDonald's chicken product orders,  Significantly improve the company's products in the McDonald's Chicken product procurement market share. At present, the company's main customers of chicken products include KFC, Shanghai Fu Xi, Shenzhen Ming-ji, Dicos, double sinks development, wife music, such as several well-known Chinese and foreign enterprises.  After the joint venture company is established, the company will provide chicken products directly to McDonald's company through the joint venture company, the company's chicken market share will be greatly improved and the company's client structure will be further optimized. Related Information Legis (Leges Corporation) is a company established in Illinois State, a subsidiary of the United States OSI Group (OSI GROUP,LLC.), and is mainly responsible for the investment of OSI Group in China. Company legal representative: DAVID G. McDONALD.  Currently, Legis has invested in 7 factories in mainland China, with major clients covering the main areas of mainland China. Legis Company's controlling shareholder,--osi Group, was founded in 1909 as an international food group with 45 factories in 21 countries around the world. Headquartered in Chicago, United States.  The OSI Group manufactures and sells whole-life, semi-cooked, fully cooked chicken, beef and pork products and a variety of non-food products, including pizzas, baked goods, eggs and vegetable produce, in over 85 countries worldwide. OSI Group's customers include global fast food and take-away chain suppliers, brand food marketers, food retailers and so on. The world's leading customers include McDonald's, Kraft Foods, Wal-Mart, Nestle and other internationally renowned food and retail enterprises. With more than 55 years of cooperation with McDonald's, the OSI Group is the largest global food supplier at McDonald's, providing products and services to 88% of McDonald's restaurants worldwide. 2009 OSI Group operating income of 3.5 billion U.S. dollars, with a profit of 200 million dollars.
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