Profile: Planet Green Holdings Corp (PLAG.N)
20 May 2019
Planet Green Holdings Corp., formerly American Lorain Corporation, incorporated on June 17, 2009, is a food manufacturing company. The Company develops, manufactures and sells a range of food products, including Chestnut products, Convenience foods and Frozen food products. The Company operates through three segments: Chestnut products, Convenience food products and Frozen food products. The Company conducts its production activities in China and through its subsidiary in France and Portugal. The Company's products are sold in Chinese domestic markets, as well as exported to foreign countries and regions, such as Japan, South Korea and Europe. The Company manufactures its products in approximately six facilities in China, three of which are located in Junan County, Shandong Province, one in Luotian County, Hubei Province, one in Miyun County, Beijing and one leased facility in Dongguan, Guangdong Province.
The Company manufactures its products using approximately 35 production lines. The Company has four types of product lines: deep-freezing lines, which are used to freeze raw materials for year-round production and to produce frozen food; Canning lines, which are used to produce canned products, including chestnut products; Convenience food lines, which are used for producing ready-to-cook (RTC) food products, ready-to-eat (RTE) food products and meals ready-to- eat (MRE) food products, all of which have nitrogen preservation capacity, and Chinese doughnuts lines, which are used to produce Chinese doughnut products.
The Company processes and manufactures chestnuts. The Company produces approximately 60 processed chestnut products. The Company has chestnut and convenience foods manufacturing capabilities in France and Portugal.
The Company's convenience food products are characterized as RTC, RTE and MRE food products. RTCs are served after a few cooking procedures. When preparing a RTC, customers need to heat the food in a microwave or boil it for several minutes before eating. RTEs are served without any cooking. MREs are meal kits with self-heating devices or microwavable kits, such as microwavable rice boxes. The Company's self-heating MREs are primarily for military use where no cooking device or other means are needed other than water. The Company also offers microwavable MREs for civilian uses, such as camping, traveling and other occasions where only simple preparation using a cooking device, such as a microwave oven is required. The Company produces a range of MREs based on Chinese cuisine, including pork with garlic sauce over rice and kungpao chicken with rice, among others. It produces approximately 120 convenience food products.
Frozen Food Products
The Company produces a range of frozen foods, including frozen vegetables and frozen fruits. The Company produces over 60 frozen food products. The Company also produces sweet corn products as part of frozen food business.
The Company competes with Hebei Liyuan, Foodwell Corporation, Concept Fruit, Beijing Liliangzi Food Co. Ltd., Hangzhou Dadi Food Co. Ltd. and Tianjin Jinkaili Food Co. Ltd.
Planet Green Holdings Corp
Building 6, No. 1678 Jinshajiang
LINYI SDG 200333