Asia Bio-Chem Group
Sheyang
About Asia Bio-Chem Group
Asia Bio-Chem Group Co. Ltd. (“Asia Bio-Chem” or the “Company”), through its wholly-owned subsidiaries is a leading manufacturer of corn starch and related by-products in China. The Company produces cornstarch, corn germ, gluten and fibre per year for the Chinese domestic market. The Company’s primary product, cornstarch, is used in the manufacturing of hundreds of food products including MSG, fructose, maltose, glucose, dextrin, citric acid and lysine. Cornstarch is also used to produce sugar alcohols such as sorbitol and mannitol and is used to produce a wide variety of modified starch products for the pharmaceutical and fine chemical industries. Corn germ is used by the Company’s customers to produce corn oil used for cooking or in producing margarine. The gluten and fiber products manufactured by the Company are used by livestock farmers as animal feed. Asia Bio-Chem’s manufacturing operations are located in the northeast region of China. The Company’s newly relocated Changtu facility is 130 km north of Shenyang (Capital of Liaoning) and has a processing capacity of 300,000 tonnes of corn per year. The recently completed Daqing facility is located in Zhaoyuan County which is 160 km south west of Harbin, the capital city of Helongjiang province. The Daqing facility is one of the largest and most modern wet milling plants in China with a total processing capacity of 600,000 tonnes of corn per annum. Both of these facilities are situated in regions of concentrated corn farming. The company uses both truck and rail to ship its products to the port of Yingkou on the Yellow sea which provides a cost effective means of shipping our products to customers in the south of China.
Company Facts
- Operating status: Closed
- Company type: For Profit
- IPO status: Delisted
- Employees: 1 – 10
- Total funding: $11.6M
- Funding stage: IPO
- Last round: Post-IPO Equity (Feb 2011)
- Ticker: cnsx:ABC
- Website: asiabiochem.com
- Phone: (416)603-7500
Industries & Categories
Agriculture, Biotechnology, Food and Beverage, Manufacturing
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