Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
$25.00
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Thomson Reuters Stock Report
$25.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

United Food Holdings Ltd Announces New Production Lines


Friday, 15 Nov 2013 04:08am EST 

United Food Holdings Ltd announced that it will invest approximately RMB43 million as capital expenditure to extend the refinery process of crude soybean oil in the soybean processing division, including building a plant and setting up facilities for the processing of : Soybean soapstock; and Hydrated phospholipids. Soybean soapstock is a by-product of the refinery process of crude soybean oil and they are currently sold to third parties. Soybean soapstock can be processed into oleic acid, plant asphalt and solid acid, which can be used for industrial purposes. Hydrated phospholipids is a waste product in the refinery process and they are currently discharged with water, which becomes a pollutant if it is not further processed. Hydrated phospholipids can be processed into lecithin, which can be used as a nutritional additive in feed products. The construction of the plant and production lines has been scheduled to commence in the fourth quarter of this year. The production is expected to commence in the second quarter of 2014. The plant will be located in the same area as the Company‚Äôs soybean processing plant and facilities. 

Latest Developments for United Food Holdings Ltd

Company Quote

0.078
0.0020 +2.63%
24 Oct 2014