LINYI, China, Jan. 11, 2016 /PRNewswire/ -- American
Lorain Corporation (NYSE MKT: ALN)
("American Lorain" or the "Company"), an international processed
snack foods, convenience foods, and frozen foods company based in
Shandong Province, China, today announced the cooperation with
TaiMei Potato Industry Ltd. ("TaiMei Potato"), acquired by the
world's leading potato products supplier Lamb Weston in
2014. Both of the companies have
reached an agreement that TaiMei Potato will help to manufacture
the Lorain brand french fries.
In 2015, the Company decided to diversify and enrich the
categories of its potato products to fulfill the needs of different
preferences. One of the strategies is to procure potatoes domestically in China and labeled as a Lorain branded product.
TaiMei Potato is a well-respected company with a strong background and solid
manufacturing capabilities. The products include straight cut
fries, mashed potato, and wedges etc. TaiMei Potato has the
production line which is capable of producing 10 tons of chips per
hour, this is currently one of
the most advanced in China.
Mr. Si Chen, Chairman and CEO of American Lorain, commented, "We
all find it so exciting to work
with TaiMei Potato in China.
American Lorain has been working on the potato product segment for many years. We have maintained
substantial resources and experience, and we are very confident with TaiMei
Potato becoming our OEM factory and
providing us with high-quality
products,"Mr. Si Chen added,
"American Lorain will have TaiMei Potato manufacture about 2000
tons of regular french fries at
this time. But we do see more potential opportunities in the future
for both companies. We believe this cooperation would not only help
us implement the strategy, but also create more opportunities to
expand Lorain branded products overseas."
About American Lorain
Corporation
American Lorain Corporation
(NYSE: ALN) is China's leading
chestnut, convenience food product and frozen food product
manufacturer. The company currently has 13 world-class standards of
food production lines, which can supply more than 200 products.
For domestic trade, it has more than thirty offices, with its sales
network covering large cities,
medium-size cities and coastal cities all over China. Regarding international trade, the products are
exported to more than 40 countries and regions, such as
Japan, South Korea, Taiwan, Southeast
Asia and Europe,
which provides our company
a high reputation in the
international market. For more information on American Lorain Corporation, please visit:
http://en.usalr.cn/index.html.
About TaiMei Potato Industry Ltd.
TaiMei Potato Industry Ltd. is a
large potato processing enterprises integrated with potato
cultivation, acquisition, storage, processing and sales. TaiMei
Potato was indirectly acquired by ConAgra Foods, Inc. through Lamb
Weston in 2014. TaiMei Potato will continuously manufacture and
process potato products and sell under the brand Lamb Weston in
China. For more information on
TaiMei Potato, please visit: http://www.lambweston.com.cn
About Lamb Weston
Lamb Weston, a leading supplier of frozen potatoes, sweet
potatoes, appetizers and other vegetables products, is committed to
provide quality products and service for its customers. For more
information on Lamb Weston, please visit:
http://www.lambweston.com/
Safe Harbor Statement
This press release contains forward-looking statements. These
statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "to be," "expects,"
"anticipates," "believes," "estimates," or similar expressions,
involve known and unknown risks and uncertainties. Such statements
are based upon management's current expectations and current market
and operating conditions, and relate to events that involve known
or unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond American Lorain's
control, which may cause American Lorain's actual results,
performance or achievements to differ materially from those in the
forward-looking statements. Actual results or events may differ
from those anticipated or predicted in this press release, and the
differences may be material. Further information regarding these
and other risks, uncertainties or factors is included in American
Lorain's filings with the U.S. Securities and Exchange Commission.
American Lorain does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under applicable law.
Contact:
Johnny Zhou
Tel.:
+86-139-1730-3401
E-mail: johnny.zhou@usalr.cn
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SOURCE American Lorain
Corporation