Day: June 2, 2023

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Seafood “Canton Fair” Brings New Business Opportunities to Seize the China Seafood Market

Liangzhi Long China Food Ingredients E-commerce Expo

The Global Seafood Trade Festival was developed by the team behind the leading Chinese prefabricated food exhibition, the “Liangzhi Long China Food Ingredients E-commerce Expo.”

GUANGZHOU, China, June 01, 2023 (GLOBE NEWSWIRE) — The Global Seafood Trade Fair will be held in Guangzhou, China, from June 28th to 30th, 2023. It is organized by the China Aquatic Products Processing and Marketing Alliance and the China Aquatic Production Chamber of Commerce and managed by Wuhan Shihedao Network Technology Co., Ltd. With over 800 exhibitors and a 40,000 ㎡exhibition area, the Global Seafood Trade Fair will showcase a wide range of aquatic products, frozen goods, processed seafood, and related equipment, covering the entire industry chain of production, processing, and seafood trade.

In addition, the exhibition will hold more than 20 onsite events, providing exhibitors with multiple opportunities for business exchange and collaboration, focusing on matching supply and demand, and promoting an efficient one-stop procurement and communication platform.

This exhibition will provide you with a unique opportunity to explore the global catering market as well as go deeper into the China market as an international food and ingredient company. If you are an overseas catering or food industry supplier, it will provide you with a world-class seafood trade platform, enabling you better understand the China seafood market and its potential development.

The Global Seafood Trade Fair was established by the nationwide leading team in the food ingredient and catering trade show, the “Liangzhi Long China Food Ingredients E-commerce Expo.” It has been certified by the Union of International Fairs (UFI) and the International Congress and Convention Association (ICCA). In recent years, it has provided services for nearly 10,000 top-ranking brands in the food industry, with more than 1 million types of exhibits, an exhibition area exceeding 500,000 square meters, and over 600,000 trade visitors, which delivered significant positive results.

A Blockbuster Subsidies Privilege is offered to the overseas exhibitors’ delegations, reducing participation costs and providing all customers with one-stop exhibition services, including customs clearance, freight, translation, market consultation, etc.

We sincerely invite you to participate in the Global Seafood Trade Fair in Guangzhou, China, and seize the opportunity to tap into the trillion-dollar seafood market in China. We are looking forward to meeting you there!

Media contact:
Ms. Rachel CHEN
Mobile: +86-136 3232 6056
E-mail:

rachelchen@chinascj.com
service@globalseafoodex.com
Website: http://wuhansihedao.yhct.top/, www.globalseafoodex.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/43c062f0-9463-484d-b9d1-7e299381aca3

GlobeNewswire Distribution ID 8851128

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Constellation Brands to Report First Quarter Fiscal 2024 Financial Results; Host Conference Call June 30, 2023

VICTOR, N.Y., June 01, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its first quarter ended May 31, 2023, on Friday, June 30, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. EDT, June 30, 2023.

The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13739041, beginning at 10:20 a.m. EDT. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the call begins, financial information discussed on the conference call, and reconciliations of reported GAAP financial measures with comparable and other non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

ABOUT CONSTELLATION BRANDS

Constellation Brands (NYSE: STZ) is a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Our mission is to build brands that people love because we believe elevating human connections is Worth Reaching For. It’s worth our dedication, hard work, and calculated risks to anticipate market trends and deliver more for our consumers, shareholders, employees, and industry. This dedication is what has driven us to become one of the fastest-growing, large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Every day, people reach for our high-end, iconic imported beer brands such as those in the Corona brand family like the flagship Corona Extra, Modelo Especial and the flavorful lineup of Modelo Cheladas, Pacifico, and Victoria; our fine wine and craft spirits brands including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey; and our premium wine brands such as Kim Crawford and Meiomi.

As an agriculture-based company, we have a long history of operating sustainably and responsibly. Our ESG strategy is embedded into our business and our work focuses on serving as good stewards of the environment, enhancing social equity within our industry and communities, and promoting responsible beverage alcohol consumption. These commitments ground our aspirations beyond driving the bottom line as we work to create a future that is truly Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Amy Martin 585-678-7141 / amy.martin@cbrands.com Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

A downloadable PDF copy of this news release can be found here.

GlobeNewswire Distribution ID 8850034

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Amlan International Names Beijing Zhongnong Pasture Biotechnology Co., Ltd. as Master Distributor in China

Amlan International

Dr. Wade Robey, Vice President of Agriculture Oil-Dri Corporation of America, and President, Amlan International with Mr. Zhu Xinmin, General Manager, and Mr. Yang Yang, Partner, Beijing Zhongnong Pasture Biotechnology Co., Ltd. partners

CHICAGO, June 01, 2023 (GLOBE NEWSWIRE) — Amlan® International, the animal health business of Oil-Dri® Corporation of America and a global leader in mineral-based feed additives that optimize the intestinal health of poultry and livestock, is proud to announce its strategic restructuring plans for the China business. To streamline distribution and increase efficiency, Amlan has chosen Beijing Zhongnong Pasture Biotechnology Co., Ltd. as its master distributor in China.

The strategic decision recognizes the significance of the Chinese market and Amlan’s successful longstanding partnership with Zhongnong. In 2021, China had the world’s largest swine meat production, 53 million MT, producing 44% of global production. Additionally, China was the world’s second largest broiler meat producer, producing 14.7 million MT, and the world’s third largest milk producer, producing 36.8 million MT in the same year. With nearly 20 years of experience serving the Chinese feed and farming industry, Zhongnong has proven to be a valuable partner in the northern region of China by working closely with Amlan to provide proven mineral-based feed additives to Chinese animal producers.

Zhongnong has a highly professional sales team with widespread reach and a comprehensive service network, possessing an in-depth understanding and appreciation of Amlan’s products. Leveraging this vast knowledge and industry experience will enhance the value delivered to customers in the Chinese market by improving distribution efficiency and promoting Amlan’s full range of products, including Calibrin®-A and Calibrin®-Z products, and products, such as Varium® and NeoPrime®, that will be available in the future. Since 2012, Zhongnong has been one of Amlan’s top-performing distributors, fostering a long history of partnership, mutual trust, and support. Amlan and Zhongnong have full confidence in the market and sales prospects.

“We are extremely optimistic about Amlan’s future prospects for global growth. Zhongnong has a distinct advantage in the China market with a strong and loyal ruminant and layer customer base that can accelerate Amlan’s business opportunities and support the business,” said Dr. Wade Robey, Vice President of Agriculture, Oil-Dri Corporation of America, and President, Amlan International. By establishing Zhongnong as its master distributor, Amlan is poised to continue its growth and success in the Chinese market while providing value and support to both existing and future customers.

Company Information

Oil-Dri Corporation of America doing business as “Amlan International” is a publicly traded company on the New York Stock Exchange (NYSE: ODC). Oil-Dri leverages over 80 years of expertise in mineral science to selectively mine and process their unique mineral for consumer and business-to-business markets. Amlan International sells feed additives across the world.
Product availability may vary by country, associated claims do not constitute medical claims and may differ based on government requirements.

Media Contact
Reagan Culbertson
VP, Strategic Marketing
Press@amlan.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f47053e-1736-4253-8861-6e1c8eddf6be

GlobeNewswire Distribution ID 8850981

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Hyundai launches face-lifted Palisade SUV in S. Korea

Hyundai Motor Co. on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year.

The upgraded Palisade comes with strengthened safety features, including the blind collision warning and rear cross-traffic collision-avoidance assist systems, compared with the previous version, the company said in a statement.

It sells at 39 million won-51 million won (US$29,000-$39,000) depending on options.

Helped by robust sales of SUVs and high-end models, Hyundai’s vehicle sales rose 11 percent to 1,705,878 units in the January-May period from 1,536,400 a year earlier.

Source: Yonhap News Agency

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(2nd LD) S. Korea’s consumer prices slow for 4th month in May

South Korea’s consumer prices growth slowed for the fourth consecutive month in May from a year ago, data showed Friday, in yet another signal that the country’s inflation has passed its peak.

Consumer prices, a key gauge of inflation, rose 3.3 percent last month from a year earlier, compared with a 3.7 percent on-year rise in April, according to the report from Statistics Korea.

The growth fell below 4 percent for the first time in 14 months in April. The latest figure also marked the lowest level since the 3.2-percent growth tallied in October 2021.

South Korea’s inflation has been on a downward trend with some ups and downs after reaching a peak of 6.3 percent in July last year.

The prices of utility services shot up 23.2 percent on-year in May amid the prolonged jitters in the global energy supply amid the Russia-Ukraine war, which induced the state-run Korea Electric Power Corp. to raise rates. South Korea depends heavily on imports for its energy needs.

The prices of agricultural, fisheries and livestock products, on the other hand, slightly decreased by 0.3 percent, due to the stabilized costs of pork and beef products, although the price tags on chicken and mackerel moved up.

Industrial product prices increased 1.8 percent on-year, led by higher costs for bread and children’s clothes. Those of diesel and gasoline, on the other hand, fell 24 percent and 16.5 percent, respectively.

Prices of services increased 3.7 percent on-year, due to higher insurance and housing management costs.

Core inflation, which excludes volatile food and energy prices, rose 3.9 percent on-year in May, compared with a 4 percent rise tallied a month earlier.

“Although core inflation had previously exhibited limited decline, it demonstrated a slight fall in May,” an official from the agency said, noting the prices of fuel and agricultural products have lost ground.

Prices of daily necessities — 144 items closely related to people’s everyday lives, such as food, clothing and housing — climbed 3.2 percent on-year last month, slightly slowing from 3.7 percent tallied in April.

Last week, the Bank of Korea held the benchmark interest rate steady for the third straight time at 3.5 percent on easing inflationary pressure amid rising concerns over an economic slowdown.

Inflation stayed above 2 percent — the central bank’s inflation target over the medium term — for the 26th straight month in May.

In a separate report, the finance ministry said it was notable that South Korea was among seven countries in the Organization for Economic Cooperation and Development to post an inflation at the 3 percent level or below.

The government will continue to take watchful eyes on prices of major items amid global uncertainties, it added.

“With the global prices of raw materials showing signs of stabilization, the costs of foodstuffs and personal services, which had showed a sharp hike earlier this year, also have eased,” First Vice Finance Minister Bang Ki-sun also said during a meeting with other vice ministers.

“Nevertheless, in light of the volatility of global raw material prices and the chances of abnormal climate conditions during the summer, the government remains committed to its policy objective of price stabilization,” Bang added.

The ministry said earlier this week that South Korea will apply tariff-rate quotas on eight major foodstuff imports, including pork and mackerel, starting this month to ease households’ burden amid rising consumer prices.

Source: Yonhap News Agency

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DMW shuts down travel consultancy agency for illegal recruitment

Department of Migrant Workers Secretary Susan Ople on Friday led the closure of a travel consultancy agency in Quezon City for illegal recruitment. In an interview, Ople said that OVM Visa Assistance and Travel Consultancy located in Barangay Pasong Tamo, Quezon City is offering jobs in Poland and Malta. However, she clarified that said agency is not listed as a licensed recruitment agency. Meanwhile, Ople reiterated DMW’s zero-tolerance policy for illegal recruiters and human traffickers. ‘Kaya sinasara namin itong travel agency na ito to serve as a warning sa lahat ng mga travel agencies, mga immigration consultancy firms, kung ano pang mga pangalan nung mga bogus na agencies na yan na hindi kami titigil kahit ilan ang ipasara namin, kahit ilan ang kasuhan namin. Zero tolerance ang department pagdating sa illegal recruitment at human trafficking (We are closing this travel agency to serve as a warning to all travel agencies, immigration consultancies firms, whatever the names of these bogus agencies are, that we will not stop no matter how many we close, no matter how many we charge. The department has zero tolerance when it comes to illegal recruitment and human trafficking),’ Ople said. ‘Kung baga nanglilinlang sila ng mga inosenteng aplikante. ‘Yung presyo maski PHP30,000 lang yan, maski PHP1 million yan it’s the fact na hindi sila authorized (They are deceiving innocent applicants. Even if the price is only PHP30,000 or even if it’s PHP1 million, it’s the fact that they are not authorized),’ she added. Geraldine Mendez, Migrant Workers Protection Bureau (MWPB) Director, said the closure stemmed from a complaint they received at the DMW office. She said that based on the complainant’s statement, applicants were required to pay PHP460,000 as processing fee. However, they have to immediately pay the amount of PHP60,000 as downpayment and once a visa has been issued, they will have to pay the rest of the amount on a staggered basis until they have paid the total amount. ‘Based sa aming surveillance, nakita namin na nagre-recruit siya ng mga workers papuntang Poland at Malta as hotel workers, yung naglilinis o cleaner at nagre-recruit din siya ng mga waiters at waitresses (Based on our surveillance, we saw that they were recruiting workers to Poland and Malta as hotel workers, cleaners, and waiters and waitresses as well),’ Mendez said. With the information on hand, Ople issued the closure order for OVM Visa Assistance and Travel Consultancy. Charges of illegal recruitment are being readied against Vilma Rosario, the owner of the travel agency, and its employees. The DMW also recommends the cancellation of the agency’s business permit by the Quezon City local government and for the Department of Trade and Industry (DTI) to cancel its Certificate of Business Name Registration. ‘Nananawagan kami sa lahat ng mga nagbayad o dumaan sa OVM Visa assistance and Travel Company to come forward para samahan kami mag-file ng case ng illegal recruitment dahil kung tatlo at mahigit ang biktima, part siya ng economic sabotage na sinasabi at life imprisonment ang katapat doon sa may-ari ng establishment na ito (We are calling on all those who have paid or gone through OVM Visa assistance and Travel Company to come forward and join us in filing a case of illegal recruitment because if there are three or more victims, they are part of economic sabotage which is punishable by life imprisonment),’ Ople said.

Source: Philippines News Agency