Sino Agro Food Inc. is a vertically integrated and diversified protein food company with subsidiaries operating in China. Focused on developing, producing and distributing high margin, high quality agricultural products in the People's Republic of China, the Company intends to meet the increasing demands of China's growing middle class for gourmet and high quality food items, principally beef and seafood protein products.
The Company's largest and most scalable businesses are indoor and semi-enclosed open dam aquaculture production of a variety of seafood, prawns, and eel, and production of over 60 cuts of beef and lamb. Both businesses fit the Company's "farm to table" concept with protein foods being nurtured from birth with proprietary feeds and technology to end sale of packaged products. In the case of aquaculture, the Company uses a proprietary Recirculating Aquaculture System ("RAS") featuring indoor tanks with fresh water recirculating 60 to 120 times per hour, controlled feed and growth environments, and no use of hormones, antibiotics, or other drugs or chemicals. In the case of beef and lamb protein products, live cattle is grazed and grazed on specified grasses grown with our proprietary fertilizers and methods; raised and fattened using proprietary livestock feed; deboned and packaged at the Company's abattoir, and sold through Company owned butcher shop concessions at Tesco PLC stores, among other outlets.
To learn about our company, you can read our About Us page and use the left navigation menu to review our Business Divisions. Our Subsidiaries and Joint Ventures page describes the operating entities of our holding company. The Investor Relations section of our website provides an archive of Company press releases, filings with the SEC, and relevant information for investors.
Learn details of our latest developments:
Sino Agro Food Closes US $25 Million Funding - September 4, 2014
Photos from recent visit to SJAP by Qinghai Province's Deputy Secretary General - August 18, 2014
SIAF Opens First Tesco Concession - August 17, 2014
Zhongshan Prawn Project Update - March 31, 2014
SIAF subsidiary, Capital Award, inks licensing agreement for its A-Power Technology - March 4, 2014
Government Officials and Academics visit Fish Farm 1 - January 17, 2014
Prawn Farm 2 Field Report - January 6, 2014
2014 New Year Message from Solomon Lee, CEO of Sino Agro Food
The Company's core wholesale production of seafood and meat has achieved sufficient size to fill out product offerings and add capabilities in the distribution, import, and retail branches. Our results and activities in 2014 have been characterized by numerous such significant developments.
The Company recently closed a US $25 Million Private Placement of Convertible Notes with Euro China Capital AB. In addition, SIAF's subsidiary SJAP has received verbal approval from Agriculture Development Bank of China to increase its credit line to RMB80 million for the coming year, doubling last year’s RMB40 million.
The Company signed two contracts with Tesco PLC to become both a supplier and an in-store butcher shop concessionaire. The first shop will open in August. The Company is expanding and branding its product line of meats for retail at grocery stores. In addition to establishing 60 different cuts of its own beef and lamb for retail sale, it is beginning to add imports from Australia, furthering selection and appeal to all Chinese consumers. Further, the Company is completing construction of a wholesale/retail shop in Guangzhou's Central Frozen Food Market to sell packaged, branded frozen meats.
Likewise the Company has packaged and branded its dried Immortal Vegetables into upscale gift boxes for sale at 200 retail shops. The Company is recasting and expanding several of its Leonie's restaurants to match the customer preferences experience has taught, and to suit individual locations.
The fishery division too is adding product variety, importing new varieties of seafood from Madagascar for sale and others for production-feasibility testing in the R & D station.
We view the foregoing developments as a giant step forward building strong fundamentals for the Company’s future growth.
Sino Agro Food, Inc.'s five-year plan is playing out as envisioned. Particularly at the wholesale level in the fishery and beef divisions, economies of scale are being realized. The benefits of vertical integration are being achieved gradually, most in evidence between the wholesale and distribution levels. These are enhancing the Company's competitive position. We are beginning to see a multiplier effect that generates core sustainable value, and adding a layer of corporate maturity and operational reliability, reinforced by all financial metrics continuing to move positively