COFCO
https://www.cofco.comAbout
Founded in 1949, COFCO (China National Cereals, Oils and Foodstuffs) is China's largest state-owned food processing holding company. As well as food processing, COFCO operates as a manufacturer and trader of diversified products and services in the agricultural production and food industry, and has overseas operations in the US, UK, Japan, Australia and Canada. It is positioning itself to be the leader of a sustainable palm oil movement in China, having set itself a target of attaining 100% certified sustainable palm oil by 2025.
RSPO Member : Yes
Market cap
State owned
Landbank
0
(COFCO does not cultivate oil palm)Supply chain position
Midstream–downstream
Processor and trader of crude palm oil and palm kernel oil | Refiner | Trader and manufacturer of consumer goodsRefineries / capacity
Unknown
(COFCO website states that 30 oil and oilseed processing plants are operational in China, but the number of facilities relating to palm oil is not clear)NDPE Policy
Yes
No Deforestation, No peat, No exploitationMarket served
International, Chinese
Parent Company
n/a
Subsidiaries
Subsidiaries include: China Foods Limited and China Agri-Industries Holdings Limited (both subsidiaries of COFCO Group listed in Hong Kong). Shanghai Tiangong Cocoa Foods Co., Zhengzhou Haikia Foods Co. Ltd., COFCO Innovative Foods Co. Ltd., Chinatex Edible Oil (Rizhao) Co. Ltd., COFCO Coca-Cola Beverage Co., Ltd and COFCO Oils & Oilseeds (processing of PO for domestic market).
Products
Packaged edible oils (Fortune and Fulinemen brands), specialty fats for baking, cooking oils for packaged products including instant noodles, palm derived ingredients for Coca Cola.
Resources
Malaysian Prime Minister Witnessed the Signing of Memorandum of Understanding between COFCO Corporation and Sime Darby Plantation
August 28, 2018Sustainable palm oil seeks breakthrough in China
July 7, 2020Continue reading
