Shandong Xiwang Bio-chem Technology Co.,Ltd

Holding total capital worth USD1555 million and employing 7,000 workers, we are a large-scale enterprise specializing in the processing of corn. Integrating science, industry, agriculture and trade, we were incorporated in 1986, and re-established in 2001 with registered capital of USD1, 340,000. Having held the right to independently conduct import and export trade since 1999, we now have customers in Asia, Europe and Africa. A group company, our subsidiaries include: 1) Shandong Xiwang Foodstuff Co., Ltd. 2) Shandong Xiwang Starch Co., Ltd. 3) Shandong Xiwang Sugar Industrial Co., Ltd. 4) Shandong Biyundong Water & Wine Co., Ltd. 5) Shandong Xiwang Transport Co., Ltd. 6) Zouping Xiwang Construction Co., Ltd. 7)Shandong Xiwang Imp&exp Trade Co., Ltd. Meanwhile, we also hold shares in Beijing Pioneer Acquisition Co., Ltd., and a Sino-foreign joint venture, Zouping Heat & Power Co., Ltd. Our main products and annual output scales are as follows - 800,000 tons of glucose powder, 300,000 tons of corn starch, 80,000 tons of maltodextrin, 100,000 tons of corn salad oil and 10,000 tons of milk essence. Meanwhile, we are also supplying 80,000 tons of 'Biyundong' brand mineral water and 5,000 tons of 'Fangong' brand wine every year. Of these products, our starch and glucose powder products have been exported to such countries as Japan, Korea, the Philippines, Malaysia, Germany, Switzerland, Belgium and Ghana. In 2007, we achieved a total sales income of USD240,000,000, with profits and tax reaching USD4,000,000.