{"id":109960,"date":"2017-08-06T06:30:20","date_gmt":"2017-08-06T10:30:20","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=109960"},"modified":"2017-08-06T06:30:56","modified_gmt":"2017-08-06T10:30:56","slug":"chinas-tongwei-wants-to-expand-business-in-philippines","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/06\/chinas-tongwei-wants-to-expand-business-in-philippines\/","title":{"rendered":"China\u2019s Tongwei wants to expand business in Philippines"},"content":{"rendered":"
\"Hu<\/a>
Hu said Tongwei was the world\u2019s largest producer of \u2018good quality\u2019 aquatic feeds and one of the major producers of livestock and poultry feeds. (PNA photo)<\/figcaption><\/figure>\n

CHENGDU, Aug. 5\u2014 With improving China-Philippines relations, a leading Chinese agriculture and energy firm is eyeing the Philippines as its new business destination in Southeast Asian region.<\/p>\n

\u201dActually, we have plant to expand our business in the Philippines especially now that China and Philippines relations is getting better,\u201d Chen Xi, project manager of Development Department of Tongwei Co., Ltd., in an interview with Philippine News Agency (PNA).<\/p>\n

Chen said Tongwei Group had tried the Philippines market for its aquatic, livestock and poultry feeds five years ago \u201cbut negotiations did not work out.\u201d<\/p>\n

At present, Tongwei boast more than 170 branch\/subsidiary companies and over 20,000 employees distributed all over China and Southeast Asia, including Vietnam and Singapore.<\/p>\n

\u201dWe have already close cooperation in many countries but we are also seeking more opportunities particularly in South Asia and Southeast Asia,\u201d Hu Rongzhu, vice president of Tongwei Group, said in an interview with visiting Asian journalists at new Tongwei headquarters in Chengdu, Sichuan province.<\/p>\n

Hu said Tongwei was the world\u2019s largest producer of \u2018good quality\u2019 aquatic feeds and one of the major producers of livestock and poultry feeds.<\/p>\n

\u201dOur products are very competitive in terms of cost and quality,\u201d Hu told the journalists after showing the company\u2019s products, projects and achievements displayed in an exhibition hall.<\/p>\n

Tongwei Group started from humble beginning in 1983 engaged only in fish feeds but three decades of hardwork and innovation have made the company as one of world\u2019s best in aquatic feeds production and polycrystalline silicon and solar PV industries.<\/p>\n

The company has an annual production capacity of 10 million tons of fodder and has been listed Sichuan\u2019s first listed agricultural company with annual revenue of over RMB 10 billion (USD1.47 billion).<\/p>\n

It is also one of China\u2019s listed agricultural companies with largest sales volume in the sectors of agriculture, forestry, animal husbandry and fishery.<\/p>\n

For 20 consecutive years, Tongwei\u2019s aquatic feeds is dominating the domestic market with 20 percent share.<\/p>\n

\u201dWe are endeavoring to build the company into a world-class healthy food supplier which combines improvement, R & D and promotion of breeding technology, food processing, sale, as well as branding and service together,\u201d Hu said.<\/p>\n

In the new energy business, Hu said Tongwei is the only domestic comprehensive photovoltaic enterprise covering upstream polysilicon production, solar cell production, and construction of terminal photovoltaic (PV) power station.<\/p>\n

In November 2015, Tongwei constructed Phase I of a 5000- megawatt (MW)crystalline silicon solar project, which turned out to be the world\u2019s largest in terms of highest degree of automation and production capacity per single workshop.<\/p>\n

Tongwei has invested additional RMB5 billion (USD724 million) for the construction of the project\u2019s Phase II and III with total production capacity of 4000 MWs.<\/p>\n

In the next 3 to 5 years, Tongwei is expected to achieve a capacity of 1000 MWs in the domain of solar energy generation and an annual output value of more than RMB20 billion (USD2.94 billion).<\/p>\n

\u201dBy then, it will become the world\u2019s largest, most competitive and influential solar batter producer,\u201d Hu said.<\/p>\n

Listed as China\u2019s top 100 listed private companies, Tongwei\u2019s brand value hit RMB45 billion (USD6.6 billion)<\/p>\n

Tongwei Group Chairman of the Board Liu Hanyuan has been granted \u2018Global New Energy Figure of the Year\u2019 honor in 2013 and \u2018Asia-Pacific Economic Leaders\u2019 Award for Social Responsibility\u2019 in 2015.<\/p>\n

\u201dTongwei group preserves in feed and aquaculture business chain extension on its way to the world-class supplier of healthy and safe food and solar PV enterprise and clean energy company,\u201d Hu said.<\/p>\n

Many Chinese companies have reportedly expressed interest to invest in the Philippines since President Rodrigo Duterte has normalized China-Philippines relations last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

CHENGDU, Aug. 5\u2014 With improving China-Philippines relations, a leading Chinese agriculture and energy firm is eyeing the Philippines as its …<\/p>\n","protected":false},"author":33,"featured_media":109961,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,95,17],"tags":[11171,20483,20480,20481,20482],"class_list":["post-109960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ph","category-news-w","tag-china-philippines","tag-chinese-agriculture","tag-development-department-of-tongwei-co","tag-ltd","tag-tongwei-group","mauthors-jelly-f-musico-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=109960"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/109960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/109961"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=109960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=109960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=109960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}