USA: YaSheng reports higher barley crop resulting in production and revenues rise

The YaSheng Group reported on August 24, a favorable summer climate that resulted in higher Agricultural Yield. YaSheng produces a number of summer crops, including barley which reached a yield of 3120 kg per acre and Beer Barley reached 3050 kg per acre. This favorable summer climate conditions translates into a 21% increase in both production and revenues for the company.

The YaSheng Group is a diversified industrial conglomerate incorporated in Redwood City, California. It operates in hi-tech agriculture, salt chemistry and biological technology as its core business, with advantages in rich land, mineral resources, capital and technology reserves.

Through its 136 subsidiaries, the company operating categories include: chemical engineering, agricultural production, biotech, pharmaceuticals, textile products, printing and dyeing, commercial trading, beverages and inorganic salt manufacturing. With total assets of approximately $1.5 billion USD and over 15,000 employees, YaSheng Group has 155,097,355 shares issued and outstanding as of December 1, 2004.

“Backed by strong performance across our diverse business and geographic operations, Cargill delivered increased earnings in fiscal 2005,” said Warren Staley, Cargill chairman and chief executive officer. “Today’s results are a tangible sign of the progress achieved in our company’s strategy to become a recognized leader in creating food and agricultural solutions that help customers succeed.”

Fiscal 2005 was a year of expansion for Cargill, especially in emerging markets. The company is adding to its oilseeds operations in Argentina, Brazil, China, India, Romania, Russia and Ukraine.

26 August, 2005