Sino Agro Food Inc. is a vertically integrated and diversified protein food company with subsidiaries operating in the People's Republic of China. Focused on developing, producing and distributing high margin, high quality agricultural products, the Company intends to meet the increasing demands of China's growing middle class for gourmet and high quality food items, principally sustainable and organic beef and seafood.
The Company's largest and most scalable businesses produce protein food, via technologically advanced aquaculture that delivers a variety of seafood (prawns, eel, sleepy cod), and state of the art livestock 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 live and packaged products. In the case of aquaculture, the Company uses our exclusive A Power Recirculating Aquaculture System ("APRAS") featuring indoor tanks with fresh water recirculating 60 to 120 times per hour, controlled feed and growth environments, without using hormones, antibiotics, or other drugs or chemicals. In the case of beef and lamb protein products, live cattle is 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:
Zhongshan Prawn Project Activities - newly updated February 20, 2015
Shanghai Distribution Center progress report - January 26, 2015
2015 New Year Message from Solomon Lee, CEO of Sino Agro Food - December 31, 2014
SJAP Overview - November 2014
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
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 were characterized by numerous such significant developments.
In September, 2014, the Company closed a US $25 Million Private Placement of Convertible Notes with Euro China Capital AB. In addition, SIAF's subsidiary SJAP received an increased credit line from Agriculture Development Bank of China to RMB 80 million, doubling last year’s RMB 40 million.
The Company signed two contracts with Tesco PLC to become both a supplier and an in-store butcher shop concessionaire. The first shop opened 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 has added 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. Also, several of its Leonie's restaurants have been recast and expanded to match the customer preferences experience has taught, and to suit individual locations.
The fishery division also 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 major strides forward building strong fundamentals for the Company’s future growth.
Sino Agro Food, Inc.'s five-year plan, ending in December of 2014, has played out as envisioned. Particularly at the wholesale level in the fishery and beef divisions, economies of scale continue to be realized. The benefits of vertical integration are being achieved, most in evidence between the wholesale and distribution levels. These continue to enhance the Company's competitive position. We benefit from a multiplier effect that generates core sustainable value, and adds a layer of corporate maturity and operational reliability, reinforced by all financial metrics continuing to move positively