Partnership to build a food industrial park in China

In 2020, LDC signed a joint venture agreement with Chinese partners to construct a food industrial park in the port of Nansha, Guangzhou, in China’s Guangdong Province.

Strategically located at the crossroads of the dynamic Guangdong-Hong Kong-Macao Greater Bay Area, the new park will complement our oilseeds processing operations in nearby Dongguan, forming an important industrial base to sustain our ambitious growth plans in China.

Representing a total investment of US$1 billion, and with expected annual output value of US$3.1 billion, the park will include activities spanning various sectors, including feed protein processing, high-tech ecological aquaculture, grains trading, food innovation, plant-based clean energy and others.

As a multinational company rooted in China for nearly 50 years, LDC welcomes this opportunity to establish closer ties with partners and consumers in this strategic and growing market. In 2020, the rapid recovery of China’s consumer market and the emergence of new economies and businesses – even during the pandemic – demonstrated the resilience of its economy, and the many opportunities for LDC to grow with the country and meet the evolving needs of Chinese consumers.

China’s ‘dual circulation’ strategy aims to boost tech innovation and stimulate domestic demand, while advocating greater openness to foreign investment in high-end manufacturing. This strategy represents an unprecedented opportunity to work with Chinese partners to build safe, sustainable agricultural value chains and serve the country’s growing consumer base.

By investing in China’s future of food alongside like-minded partners such as HAID Group and others, we are moving downstream in the value chain to address consumer demand, while driving value creation and sustainable development in the area.

“With a potential to reach China’s expanding middle class, counting some 400 million people today, this joint venture is another example of our strategy in action, as we look to meet demand for safe, sustainable and innovative food and feed chains, in line with our vision to work toward a safe and sustainable future.”, said James Zhou, LDC’s Chief Commercial Officer and Head of Asia.