Extract From:https://www.feedtrade.com.cn/
Andy Su: According to the semi-annual report, the company's operating income in the first half of the year was 6.328 billion yuan, a year-on-year decrease of 12.05%; The REO was 33.4003 million yuan, YOY decrease of 96.16%. In the first half of the year, the company's liquid methionine sales increased by +24%, Mainly driven by sales growth in China market. The company plans to invest and build a 150,000-ton each year solid methionine project in Quanhui Petrochemical Industrial Park, Hui an County, Quanzhou City, Fujian Province, China, with an estimated total investment of about 4.9 billion yuan.
DSM: Decided to speed up a series of planned actions to restructure the vitamin business, including:
1. Restructuring the footprint of vitamin assets;
2. Creating a new independent vitamin unit in ANH;
3. Reducing working capital/inventory;
4. Creating a new senior management position, the director of vitamin transformation project, reporting directly to the CEO;
5. Accelerating the growth of ANH (Animal Nutrition and Health) in high-profit performance solutions and precision services.