Yihai Kerry Investment Co., Ltd. (Yihai Kerry Group) is Singapore Fengyi International Co., Ltd. (SGX: Lujiazui, Pudong New Area, Shanghai, a wholly-owned Singapore enterprise). In 198s, Kerry Cereals and Oils set up a factory in Shekou, Shenzhen, and produced the first small packaged edible oil brand "Arowana" in China. At the end of 26, Wilmar International acquired Kerry Cereals and Oils, a subsidiary of Singapore's Kwok Group, for US$ 2.7 billion, and merged Kerry Cereals and Oils with its subsidiary Yihai Group in China to become Yihai Kerry Investment Co., Ltd. As of September 28, Yihai Kerry had 24 edible oil roughing and refining plants, 5 special oil production plants, 2 filling oil production plants, 2 rice mills and 5 flour mills in China. Yihai Kerry Investment Co., Ltd. is one of the top ten enterprises in China vegetable oil industry.
yihai Kerry company, headquartered in Shanghai, is a foreign-invested enterprise jointly established by Singapore fengyi international and American ADM company * * *. the company is involved in various businesses, such as crushing, refining, oil chemical industry, rice flour and so on. the annual crushing capacity of soybean, cottonseed, rapeseed, peanut and other oilseeds in China exceeds 1 million tons, and the sales income in 26 is 5 billion yuan. The company's iconic product "Arowana" series edible oil has become a well-known trademark in China.
Kerry Cereals and Oils (Qingdao) Co., Ltd. and Qingdao Kerry Peanut Oil Co., Ltd. are large-scale vegetable oil processing enterprises in China jointly established by multinational group Yihai Kerry Group and Qingdao Plant Oil Factory. Yihai Kerry Group is a diversified enterprise group invested by Singapore Fengyi International Co., Ltd. in China, focusing on grain and oil processing, oil chemicals, warehousing and logistics, and domestic and foreign trade. It is also the largest grain and oil processing group in China, headquartered in Lujiazui Financial and Trade Center, Shanghai. Since the 199s, Yihai Kerry Group has invested and set up more than 4 factories and more than 2 trading companies in major ports such as Shenzhen, Qingdao, Tianjin, Qinhuangdao, Lianyungang, Yingkou, Guangzhou, Shanghai, Quanzhou, Fangchenggang and Zhangjiagang, and major cities such as Wuhan, Yueyang, Xi 'an, Chengdu, Jiamusi and Changji, Xinjiang, and has become an internationally renowned grain and oil processing and trading company, and has successfully shaped ". Kerry Grain & Oil (Qingdao) Co., Ltd. was established in 1994. It adopted the advanced technology of international management, gained rapid and healthy development after more than ten years of continuous accumulation and market development, and became an internationally renowned grain and oil processing and production enterprise. The company is located in Qingdao Economic and Technological Development Zone, close to Qianwan Port, with superior geographical position and convenient transportation. The company covers an area of 18 mu and has peanut and sesame oil pressing workshops, refining workshops, small packaging workshops and vat filling workshops. In order to ensure the freshness of raw materials all the year round and the stability of product quality, the company invested heavily to build a standard warehouse of 2, square meters and a low-temperature warehouse for storing more than 1, tons of raw materials, with an oil storage capacity of nearly 9, tons of standard oil tanks. The company's main products are "Hu Jihua" series peanut oil, "Fuyan" brand series catering oil, "Kitchen Zhen" series sesame oil, etc. Among them, "Hu Jihua" series peanut oil inherits the essence of peanut oil wood pressing technology in 1918, and adopts modern pure physical pressing technology to retain the natural peanut fragrance, which has won the trust of consumers and the market share of peanut oil is among the best.
the company passed the ISO92 international quality management system certification in 1998, and then passed the ISO91:2 international quality management system certification, the ISO141:24 international environmental management system certification and the ISO22 international food safety management system certification successively; Over the years, the system has been continuously improved and improved, which has improved the company's quality/environment/food safety management level and made the company's product quality and quality assurance ability reach the international standard level. In 25, Hu Jihua Peanut Oil, Arowana Soybean Oil and Rapeseed Oil won the title of "China Famous Brand Products" at the same time. In 26, the group brand "Arowana" was selected as the exclusive supplier of edible oil for the 28 Beijing Olympic Games.
Enterprise technology research and development is the driving force of development. The company invested 8 million yuan in the construction of research and development center, and set up a product development center in 22. Relying on the technical advantages of the Group's research and development center, it has successively developed new special peanut oil, peanut flavor blended oil, special moon cake oil, series flavor sesame oil and other products. The company has made in-depth research and development on peanut flavor, nutrition, stir-frying and stability, and obtained a number of proprietary technologies, which solved the technical problems surrounding peanut oil industry, such as unqualified phosphorus content, excessive sediment, foaming in use and deep color, and guided the healthy development of fragrant peanut oil. At the same time, we have developed peanut series products and sesame series products, such as chopped peanuts and peanut commercial rice, which are sold to food multinational enterprises in Beijing and Shanghai.
Marketing
After the transaction is completed, Wilmar International will become one of the largest agribusiness groups in Asia and one of the best oil refiners in the world. In the field of edible oil in China, it will also trigger a big "earthquake", because the company's brands will compete with COFCO's related businesses. COFCO only holds "Fulinmen" and shares in "Lu Hua". China mainland coincides with the rising price of edible oil. The reorganization of the assets of the Guo family also triggered a shock in the edible oil market in China.
after the integration of fengyi international, affected by the merger of the parent company, Kerry Grain and Oil and Yihai Group, a subsidiary of Guo Group, will probably be incorporated into a family by fengyi international. Kerry Grain and Oil is the grain and oil asset of Guo Group. Its flagship brand "Arowana" ranks first in the small packaging market of edible oil in China, and its brand "Hu Jihua" is also quite famous. In addition, Kerry also owns brands such as "Carp" and "Yuanbao". Yihai Group is a grain and oil group invested and established by ADM and Fengyi in China, and the famous edible oil brands with shares in China market include Lu Hua, Fulinmen and Koufu. In this acquisition of Wilmar International, Wilmar International will wholly control Yihai Group by exchanging shares with ADM. After the transaction is completed, ADM will become the second largest shareholder of Wilmar International through its direct and indirect holding.
Revenue
Wilmar International's net profit in the third quarter of 28 reached $482.6 million, exceeding market expectations. Although commodity prices have decreased quarter by quarter, the strong performance of Wilmar International comes from the continuous improvement of sales and processing profits of oil seeds and palm oil. However, factors such as the company's lower tax rate have also increased the company's net profit.
It is predicted that the sales and processing profit of Wilmar International will further increase in the fourth quarter of 28, but the profit margin will be smaller due to the sharp drop in commodity prices. At the same time, the loans of Wilmar International are distributed in many banks and include many currencies. With the downward adjustment of commodity prices, the company's short-term loans decreased from 6.7 billion dollars in the previous quarter to 5.8 billion dollars.
Competing for the Front
On December 26th, 26, Singapore Wilmar International Limited (hereinafter referred to as "Wilmar International") acquired all the edible oil and related businesses of Guo Henian, an 83-year-old Malaysian tycoon, with a transaction value of US$ 2.7 billion. China mainland coincides with the rising price of edible oil. The reorganization of the assets of the Guo family also triggered a shock in the edible oil market in China.
After all the equity conversion of Wilmar International, its shadow can be found behind several famous edible oil brands in China market. This also means that there will be a confrontation between state-owned giants and foreign oligarchs in the edible oil market in China. The oligopoly pattern formed in China edible oil market will have a great impact on small and medium-sized edible oil enterprises, which may lead to further integration of the industry. Edible vegetable oil industry has the characteristics of large quantity and low profit. In order to obtain high profits, it is necessary to realize economies of scale, and to form a scale, it is necessary to have the backing of funds. Looking at the edible oil brands that occupy the main share in China market, they all have foreign investment backgrounds, such as "Fulinmen" and "Arowana". In such a market, small and medium-sized edible oil enterprises basically do not have competitive strength.