Myande signed a contract with Pengpai Vegetable Oil Co., Ltd by which Myande will supply a complete cooking oil processing equipment line which will be capable of processing peanuts, sunflower seeds, corn germ and other oilseeds.

Pengpai Vegetable Oil Co., Ltd. is a wholly-owned subsidiary of Jilin Pengpai Agriculture Development Co., Ltd., a comprehensive agriculture produce processing group focusing on the plantation of ecological and organic agricultural produce and vegetable oil processing.

 

Zhao Xiangqian, Chairman of Pengpai Ariculture, said that the conclusion of this contract represents a new milestone in the long term cooperation between the two companies. He remarked that this new processing line, capable of yielding 200,000 tons of non-transgenic vegetable oil, will be the largest high-end non-transgenic oil in the northeast of China. In the future, he said, the two companies will continue working hard together to make progress and to contribute jointly to the general welfare of the society.


Myande Chairman Xu Bin said that China does not lack vegetable oil but there is huge market demand for high-class vegetable oil. Therefore, he said, this project of Pengpai is a good one aimed at meeting this existing market demand. The successful cooperation between Pengpai Agriculture and Myande Group is a result of the common corporate concept and vision of the two companies.
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