Sino Agro Foods, Inc. (SAFI) is an active company in the development and acquisition of feasible agriculture related businesses. The company focuses their attention on the promotion of the newest environmental friendly technologies to enhance shareholders benefits.
With the fast paced industrialization of the agriculture industry, (diminishing of agriculture land, scarcity of farm laborers, industrial pollution, and usage of chemicals), the company has become a main player in finding alternative ways to become more agriculturally friendly. Over the past few years the P.R.C. government has directed numerous incentive schemes and policies with the aim to revitalize and modernize their agriculture industry.
Capital Award, Inc. (CA), a fully owned subsidiary of the company, has been active in developing modern aquaculture fishery business in P.R.C. By utilizing the re-circulation aquaculture systems since 2004, there are more than a few fishery projects being secured for developments. This places CA in great position to become one of the leading suppliers of quality fish and fish products for the global markets.
Currently, the company is working on finalizing the acquisition of ZhungXing Agriculture and Husbandry Co. Ltd, which is a major supplier of dairy milk and milk products in P.R.C. The demand for superior quality dairy milk and milk products are increasing and related business developments are growing at the rate of more than 15% per annum.
Sino Agro Foods, Inc. generated sales of $19,420,290 and net earnings of $12,184,890 in the fiscal year 2007. In the year 2006, there was a 14.1% jump in China’s farm production and a 20% increase in prices thanks to more efficient processing and government initiatives which provided incentives and investment.
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