A Chinese supplier of food has announced it will open its first store in the United States in less than a year.
Yellowfin Global Logistics, based in California, has set up its new store in Las Vegas, Nevada, a move that could see the company grow into a logistics company and the world’s second largest food processor.
Key points:The company’s products include raw meat, milk, and eggs from cattle, sheep and pigs in China, but it also provides packaging for meat, dairy, eggs and milk in the USThe company says it is now a major player in the food supply chainYellowfin is also working with a number of US meatpacking plants to supply its productsYellowfin, based on the Chinese name of the Yangtze River Delta, has a turnover of $40bn in the region.
Its products include meat, cheese, dairy products, and fish.
But its mainstay is raw meat and milk, which it sells in bulk to restaurants, retailers and consumers around the world.
It says it currently employs around 700 people in the U.S., but expects to add another 200 staff by the end of this year.
A spokesman said the new store would bring the company “one of the largest and fastest growing food processor networks in the world”.
“We believe this store will be the first of its kind in the USA, and we expect that the US will soon become one of the leading markets for Yellowfin products,” he said.
“The location will be a great addition to our existing store in San Francisco and the company is working with other US food processing and logistics suppliers to ensure that this will continue to be the case.”
The new store, which will open later this year, is expected to be a key part of Yellowfin’s expansion strategy.
The company is expected make the first-ever sale of raw meat to a restaurant in the coming months, and is also planning to buy a fifth of its chicken feed to help reduce demand for imported chicken.
A spokeswoman for the company said the company was focused on growing its global food supply and was “focusing on building and improving our food processing infrastructure in the future”.
“As we have increased our presence in the meatpacking industry and established our own plant in San Diego, we have realized that our customers are increasingly seeking to consume our products in restaurants across the United State,” she said.
Topics:food-processing,food-safety,food,foodprocessing-and-processing-partners,business-economics-and/or-finance,foodservice,industry,foodsafety-and_safety,world-politics,united-statesFirst posted September 02, 2018 17:29:42Contact Nick O’HearnMore stories from New South Wales