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Global Bio-Chem and Global Sweeteners Cooperate With ADM(20130624)

Global Bio-Chem and Global Sweeteners Cooperate With ADM(20130624)

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Published by: CCM International Limited on Jun 28, 2013
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09/27/2013

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Global Bio-Chem and Global Sweeteners cooperate with ADM
Summary:
Global Bio-chem and Global Sweeteners will cooperate with ADM from June 2013to June 2014.
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Global Bio-chem, Global Sweeteners, sweetener, lysine, ADM, South AmericanOn June 6, 2013, Global Bio-chem Technology Group Co., Ltd. (Global Bio-chem) and GlobalSweeteners Holdings Limited (Global Sweeteners) announced that they will cooperate with Archer Daniels Midland Company (ADM) for a year. After this operation, ADM will be the soledistributor of Global Bio-chem's lysine and Global Sweeteners' sweetener products in Asianand South American markets respectively. Moreover, according to this cooperation, the Globalgroup can develop more effective technologies through the help of ADM.In detail, according to ADM's indication, it will be the exclusive sales channel for several of Global Sweeteners' sweetener products. The marketing territory of the company will includevarious Southeast Asian countries, the Far East, Australia and New Zealand from June 2013. ADM maintains several regional sales offices in Asia, including those in China, India,Singapore, Japan and Australia.Furthermore, ADM will also use its expansive marketing and sales network to distribute avariety of Global Bio-chem's lysine products to customers in South American countries such asBrazil and Argentina. As is known, lysine is a kind of amino acid commonly used by livestockproducers to improve the nutritional value of animal rations. Global Bio-chem is one the world'sleading lysine producers and ADM is a market leader of lysine in South America. As a result,it's beneficial for these two companies' further development."ADM is pleased to have the opportunity to provide many of the high-value products in GlobalBio-chem's portfolio to our extensive network of customers in Asia and South America," saidIsmael Roig, President of ADM Asia-Pacific. "This collaboration leverages the strengths of both companies for the benefit of customers, and we anticipate a positive response on bothcontinents." According to the 2012 annual report of Global Bio-chem, its revenue was USD1.53 billion in2012, which decreased by 17% compared with USD1.84 billion in 2011. Moreover, its grossprofit even decreased by 54% year on year, touching USD197 million in 2012 due to theincreasing costs (mainly from corn) and lower sales prices of products.The amino acid business is still the most important business of Global Bio-chem. The revenueand gross profit of the sector accounted for 54% and 93% of the company's total in 2012respectively. However, due to the gloomy market in the feed industry and the lower sales priceof lysine, the average sales price of the company's amino acids decreased by 19% comparedwith that in 2011 and the gross profit of the business also decreased by 46% year on year. According to the prediction by the company, it plans to expand its total capacity of lysine to
 
800,000t/a in 2013. As stated in the 2012 annual report of the company, its products facedintense competition from other players in the domestic market, while in the overseas market, itsucceeded in maintaining stability in the sales volume and price of its products. As a result, therevenue from the company's export business in 2012 increased by 10% year on year. Thus,through the cooperation with ADM, it will facilitate Global Bio-chem's expansion of its lysinebusiness around the world.In addition, Global Sweeteners' revenue increased by 5.7% year on year in 2012, reachingUSD583 million, but its gross profit decreased by 35.6% in 2012 over 2011. In 2012, thedomestic price of sugar decreased, reducing the competitiveness of and demand for sweeteners. Furthermore, the increasing costs from raw materials and gloomy sales prices of products adversely impacted the gross profit of Global Sweeteners.Entering into 2013, the price of sugar in China may continue to decrease. However, the newproduction lines of F55 HFCS in the Shanghai plant of Global Sweeteners will be put into fulloperation in 2013. As a high value-added product, F55 is expected to be a new profit growthsource for the company since it is a popular sweetener in the beverage industry in theinternational market. ADM is one of the world's leading agricultural product processors, with products mainlycovering food ingredients, animal feeds and feed ingredients, biofuels and other products.
Table of Contents of Corn Products China News 1306:
Planting area of corn in China may keep on increasing in 2013USDC announces final determination on anti-dumping investigation into China-made xanthangumChina's VB2 export volume increases by 37.4% year on year in AprilChinese corn products Imp. & Exp. analysis in April 2013Price update of corn products in JuneEx-works price of corn germ meal in China stays high in June 2013Domestic market price of DDGS rebounds in May 2013Fufeng Group's gross profit margin expected to rebound in 2013Star Lake Bioscience sees sharp decrease in net profit in 2012Global Bio-Chem and Global Sweeteners cooperate with ADMNDRC publishes a new notice about crop straw utilizationCOFCO to import 60,000 tonnes of corn from Argentina in 2013China launches the second batch reserve of sugar in 2012/2013
Corn Products China News
, a monthly publication issued by CCM on 20
th
, features
Supplyand Demand
,
Import and Export Analysis
,
Price Update
,
Market & Company Dynamics
,
Policy
,
Corn Supply
and other more information researched and reported by CCM
sprofessional journalists. It is a reliable intermediate for you to know more about the cornindustry in China even in the globe.

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