Sanyuan Group: Difference between revisions
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'''Sanyuan Group''' ({{zh-cp|三元集团|p=Sānyuán Jítuán}}) is a state-owned company in China. It consists of 12 state farms, 20 professional companies, 41 transnational joint ventures, 3 overseas subsidiaries and 1 public company as Beijing Sanyuan Foods, which is listed in [[Shanghai Stock Exchange]].<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=20601080&sid=atRrHpZUx45U&refer=asia|title=Mengniu Dairy Shares Tumble by Record on Tainted Milk (Update3) By Theresa Tang|accessdate=2008-09-25}}</ref> |
'''Sanyuan Group''' ({{zh-cp|三元集团|p=Sānyuán Jítuán}}) is a state-owned company in China. It consists of 12 state farms, 20 professional companies, 41 transnational joint ventures, 3 overseas subsidiaries and 1 public company as Beijing Sanyuan Foods, which is listed in [[Shanghai Stock Exchange]].<ref>{{cite web|url=http://www.bloomberg.com/apps/news?pid=20601080&sid=atRrHpZUx45U&refer=asia|title=Mengniu Dairy Shares Tumble by Record on Tainted Milk (Update3) By Theresa Tang|accessdate=2008-09-25}}</ref> |
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Sanyuan Foods was chosen by Beijing Olympic Committee as the sole supplier of food and beverage for both the [[2008 Summer Olympic]] and the Paralympic. The original supplier of dairy products to the 2008 Beijing Olympic was [[Yili Group]], but Yili was turned down by the Beijing Olympic Committee when it's products failed the strict tests. After Sanyuan Foods's products have been cleared in the nationwide test for melamine, it's share price surged 10 percent, a jump of 52% in 5 days. |
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Independent media have reported that during the 2008 Beijing Olympic<ref>{{cite web|url=http://news.xinhuanet.com/english/2008-09/17/content_10052104.htm|title= Dairy supply for Olympics safe due to "special management" www.chinaview.cn 2008-09-17 12:51:33 |accessdate=2008-09-25}}</ref> and the para-olympic, the "State Council Special Food Supply Center"<ref>{{cite web|url=http://www.boxun.us/news/publish/chinanews/China_s_Tainted_Food_Products_Only_Harm_the_Average_People_High-Ranking_Officials_Have_Their_Own_Specially-Supplied_Food_Sources.shtml|title=China's Tainted Food Products Only Harm the Average People, High-Ranking Officials Have Their Own Specially-Supplied Food Sources By Sep 20, 2008 -|accessdate=2008-09-26}}</ref> was the only food supplier chosen by the Beijing Olympic Committee when all other national suppliers failed the stringent tests. |
Independent media have reported that during the 2008 Beijing Olympic<ref>{{cite web|url=http://news.xinhuanet.com/english/2008-09/17/content_10052104.htm|title= Dairy supply for Olympics safe due to "special management" www.chinaview.cn 2008-09-17 12:51:33 |accessdate=2008-09-25}}</ref> and the para-olympic, the "State Council Special Food Supply Center"<ref>{{cite web|url=http://www.boxun.us/news/publish/chinanews/China_s_Tainted_Food_Products_Only_Harm_the_Average_People_High-Ranking_Officials_Have_Their_Own_Specially-Supplied_Food_Sources.shtml|title=China's Tainted Food Products Only Harm the Average People, High-Ranking Officials Have Their Own Specially-Supplied Food Sources By Sep 20, 2008 -|accessdate=2008-09-26}}</ref> was the only food supplier chosen by the Beijing Olympic Committee when all other national suppliers failed the stringent tests. |
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Revision as of 01:25, 9 October 2008
| Company type | State owned |
|---|---|
| Industry | Dairy products |
| Founded | Beijing, China |
| Headquarters | , |
Area served | China |
| Products | Milk, powdered milk |
| Website | http://www.sanyuan.cc |
Sanyuan Group (pinyin: Sānyuán Jítuán) is a state-owned company in China. It consists of 12 state farms, 20 professional companies, 41 transnational joint ventures, 3 overseas subsidiaries and 1 public company as Beijing Sanyuan Foods, which is listed in Shanghai Stock Exchange.[1]
Sanyuan Foods was chosen by Beijing Olympic Committee as the sole supplier of food and beverage for both the 2008 Summer Olympic and the Paralympic. The original supplier of dairy products to the 2008 Beijing Olympic was Yili Group, but Yili was turned down by the Beijing Olympic Committee when it's products failed the strict tests. After Sanyuan Foods's products have been cleared in the nationwide test for melamine, it's share price surged 10 percent, a jump of 52% in 5 days.
Independent media have reported that during the 2008 Beijing Olympic[2] and the para-olympic, the "State Council Special Food Supply Center"[3] was the only food supplier chosen by the Beijing Olympic Committee when all other national suppliers failed the stringent tests.
"All the food supply, including dairy, for the Olympics and Paralympics were safe," Li Changjiang, former head of AQSIQ told a press conference. "We took special quality management measures aimed at food supply for the Games."
On 26, September 2008 Beijing Sanyuan Foods Co Ltd[4] (SHA 600429) said its shares will be suspended from today pending an announcement related to a possible acquisition. Beijing Sanyuan is the only listed diary producer that has avoided being associated with China's milk contamination scandal.
The official China Securities Journal cited market sources as saying that Sanyuan, a second-tier company, may acquire Sanlu Group, the dairy at the center of the contamination scandal, taking the opportunity to become one of the top brands.[5]
See Also
References
- ^ "Mengniu Dairy Shares Tumble by Record on Tainted Milk (Update3) By Theresa Tang". Retrieved 2008-09-25.
- ^ "Dairy supply for Olympics safe due to "special management" www.chinaview.cn 2008-09-17 12:51:33". Retrieved 2008-09-25.
- ^ "China's Tainted Food Products Only Harm the Average People, High-Ranking Officials Have Their Own Specially-Supplied Food Sources By Sep 20, 2008 -". Retrieved 2008-09-26.
- ^ "Beijing Sanyuan Foods suspended pending acquisition announcement 26 Sep 2008 Xinhua Newsfeed". Retrieved 2008-09-26.
- ^ "Sanyuan may take over tainted milk brand Sanlu". China Daily. 26 September 2008.