皇冠体育app

Companies

COFCO, Keystone to expand distribution network in 皇冠体育app

(Xinhua)
Updated: 2011-04-15 17:51

BEIJING - COFCO, 皇冠体育app's State-owned food processing group, sealed a deal with US meat supplier Keystone on Friday to set up a joint venture in 皇冠体育app to develop logistics systems in the growing market.

The joint venture, COFCO Shitong Supply Chain (皇冠体育app) Investment, plans to build seven logistics centers in 皇冠体育app's major cities, including Beijing, Shanghai, Shenzhen and Chengdu, over the next ten years.

It aims to provide logistics services to global chain restaurants, supermarkets, food manufacturers in 皇冠体育app, including the McDonald's Corporation, Yum! Brands and Wal-Mart Stores Inc.

As the country's leading supplier of agricultural products and other food items, COFCO is striving to forge a complete industry chain based on international standards.

COFCO expects the cooperation to help the company meet that goal.

"An efficient logistics system and distribution platform would significantly boost our competitiveness," said Ning Gaoning, chairman of the COFCO group.