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Jiangsu Yuguan Company spreads its wings in international market

2018-06-05 08:38:03
On June 4, a strategic investment cooperation agreement which holds 300 million USD of subject was smoothly signed by Jiangsu Yuguan Modern Agricultural Technology Co., LTD (China’s largest enterprise engaging in Button mushroom production) and KKR Group (World’s biggest private investment organization).
“The estimated operation time of Phase Two is in September and the anticipated daily output on Button mushroom attains 120 tons. In the second half of 2018, construction of Phase Three could be launched, including 4 standardized mushroom houses that hold 400 million CNY of gross investment,” introduces related middleman passionately, adding that capital infection has input strong power to Yuguan Company. In the first four months of this year, gross sales volume on Button mushroom came to 15,000 tons, and gross output went up by 5% from the same period of last year.
Jiangsu Yuguan Modern Agricultural Technology Co., LTD mainly engages in R&D and production of mushroom, production of cans, import and export business. Now, Yuguan Company creates 1000 job posts for returned migrant workers, rural remaining women, and helps them generate annual average income of over 35,000 CNY. Meanwhile, the company annually consumes over 200,000 tons of agricultural and forestry product leftovers such as straw, sawdust, corncob, wheat bran and chicken manure, stimulates over 50 million CNY of agricultural revenues, promotes the high-efficiency, superior, ecological, safe cyclic utilization of local agriucltural resources while realizing a green and sustainable development.
In 2017, gross output on Button mushroom and three-time fermented compost respectively attained 35,200 tons and 87,000 ton in Yuguan Company, which indicates 18.3% of year-on-year growth. In addition, annual gross sales and profits came to 357 million CNY and 71 million CNY in respective, annual processing volume on fruit and vegetable cans totals over 8000 tons and the company also realized 3.75 million USD of foreign exchange through export.
Now, Jiangsu Yuguan Modern Agricultural Technology Co., LTD is seen as one of the largest Button mushroom bases in the world, fresh mushrooms produced in the company have covered the comprehensive market layout that refers to eastern, northwest, southwest, southern part and north of China. In the future, the company is going to expand international markets, boost the occupation rate of international market, it also proposes to generate 20 million USD of annual foreign exchange through exports by 2020 and build itself into China’s most powerful and a world-class mushroom brand.
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