Chile: Shenzhen Kingship announces investment plan for blueberries, cherries
The company, which has core business sections in food imports, signed a strategic cooperative agreement along with Chilean companies on March 1 to invest in the production, export and marketing of the two summer crops.
The project includes the purchase of a 12-line processing machine from Unitec, with which Shenzhen expects to process 150 containers of cherries and 100 of blueberries per season. For blueberries the volumes will be split evenly between fresh and frozen product.
Shenzhen Kingship president Hanqing Li said the project involves every stage of the productive process and will focus on Chilean-grown fruit that will be shipped to the Asian market.
He expected the project to get underway over the coming months, with the aim of processing the first fruit during the 2018-19 season.
Li also said that after the construction of the processing plant, the next stage will involve the creation of a brand for cherries and blueberries.
The company, which was established in 1997, is headquartered in Shenzhen, on the Chinese mainland near Hong Kong. On 2016 it listed on the National Equities Exchange And Quotations - an over-the-counter system for trading shares of companies not listed on the exchanges in Shenzhen and Shanghai.
The company began in the fertilizer business but has since expanded into other sectors including the import of fruit, meat and seafood products.