House & Home
Tue, August 16, 2011Mon, August 15, 2011Sat, August 13, 2011Fri, August 12, 2011Thu, August 11, 2011Wed, August 10, 2011Tue, August 9, 2011Mon, August 8, 2011Sat, August 6, 2011Fri, August 5, 2011Thu, August 4, 2011Wed, August 3, 2011Tue, August 2, 2011Mon, August 1, 2011Sun, July 31, 2011Fri, July 29, 2011Thu, July 28, 2011Wed, July 27, 2011Tue, July 26, 2011Mon, July 25, 2011Sun, July 24, 2011Sat, July 23, 2011Fri, July 22, 2011Thu, July 21, 2011Wed, July 20, 2011Tue, July 19, 2011Mon, July 18, 2011Fri, July 15, 2011Thu, July 14, 2011Wed, July 13, 2011Tue, July 12, 2011Mon, July 11, 2011Sat, July 9, 2011Fri, July 8, 2011Thu, July 7, 2011Wed, July 6, 2011Tue, July 5, 2011Mon, July 4, 2011Sat, July 2, 2011Fri, July 1, 2011Thu, June 30, 2011Wed, June 29, 2011Tue, June 28, 2011Mon, June 27, 2011Sun, June 26, 2011Fri, June 24, 2011Thu, June 23, 2011Feihe International Announces Participation in China's 863 Program
//house-home.news-articles.net/content/2011/07/1 .. ounces-participation-in-china-s-863-program.html
Published in House and Home on Monday, July 18th 2011 at 23:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
Feihe International Announces Participation in China's 863 Program -- BEIJING and LOS ANGELES, July 18, 2011 /PRNewswire-Asia-FirstCall/ --
Feihe International Announces Participation in China's 863 Program
BEIJING and LOS ANGELES, July 18, 2011 /PRNewswire-Asia-FirstCall/ -- Feihe International, Inc. (NYSE: [ ADY ]; "Feihe International" or the "Company") (formerly known as American Dairy, Inc.), one of the leading producers and distributors of premium infant formula, milk powder and soybean, rice and walnut products in China, today announced its participation in the National High Technology Research and Development Program of China (the "863 Program").
Mr. Leng You Bin, the Company's Chairman and Chief Executive Officer, stated, "We are extremely pleased to announce that we are the only dairy company participating in the 863 Program, which is the premier high technology research and development program in China. Assisting with the topic of research and development of promoting the growth and development of fortified foods, the Company will analyze and build up China's breast milk nutrition composition database platform and will research and develop special/medical infant formula for premature babies and low birth weight babies. In addition, the Company will conduct research and assist with the design of anti-regurgitation infant formula. This demonstrates our top level R&D capabilities and our leading position in China's dairy industry."
About Feihe International, Inc.
Feihe International, Inc. (NYSE: [ ADY ]) is one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice and walnut products in the People's Republic of China. Feihe International conducts operations in China through its wholly owned subsidiary, Feihe Dairy, and other subsidiaries. Founded in 1962, Feihe Dairy is headquartered in Beijing, China, and has processing and distribution facilities in Kedong, Qiqihaer, Baiquan, Gannan, Longjiang, Shanxi, and Langfang. Using proprietary processing techniques, Feihe International makes products that are specially formulated for particular ages, dietary needs and health concerns. Feihe International has over 200 company-owned milk collection stations, two dairy farms, seven production facilities with an aggregate milk powder production capacity of approximately 1,950 tons per day and an extensive distribution network that reaches over 80,000 retail outlets throughout China. For more information about Feihe International, Inc., please visit [ http://ady.feihe.com ].
Cautionary Note Regarding Forward-Looking Statements
This document contains forward-looking information about the Company's operating results and business prospects that involve substantial risks and uncertainties. Statements that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements include, but are not limited to, statements about the Company's plans, objectives, expectations, strategies, intentions or other characterizations of future events or circumstances and are generally identified by the words "may," "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "targets," "could," "would," and similar expressions. Because these forward-looking statements are subject to a number of risks and uncertainties, the Company's actual results could differ materially from those expressed or implied by these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed under the heading "Risk Factors" in the Company's annual report on Form 10-K for the fiscal year ended December 31, 2010, as amended, and in other reports filed with the United States Securities and Exchange Commission and available at [ www.sec.gov ]. The Company assumes no obligation to update any such forward-looking statements.
SOURCE Feihe International, Inc.
[ Back to top ] RELATED LINKS
[ http://ady.feihe.com ]
