This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

American Lorain Successfully Passes Factory Inspection Of Two Premium Retailers

Stocks in this article: ALN

JUNAN COUNTY, China, July 4, 2011 /PRNewswire-Asia-FirstCall/ -- American Lorain Corporation (NYSE Amex: ALN) ("American Lorain" or the "Company"), an international processed snack foods, convenience foods, and frozen foods company based in Shandong Province, China, today announced that its Beijing and Dongguan facilities have recently successfully passed the factory inspection by two premium retailers, Ito Yokado ("Yokado") Chengdu subsidiary and Jusco Guangdong subsidiary.

Yokado is owned by Seven & i Holdings Co. Ltd., a fortune 500 holding company from Japan which also owns other world famous brands such as the 7-Eleven chain stores. The Yokado Chengdu subsidiary conducted factory inspection for American Lorain's rice box products with specific focus on the production facilities and each functional department. Result shows that American Lorain implemented distinguishing storage zones and clear tracing mechanism for its raw materials, semi-finished and finished goods; the production was efficient, procedural and hygienic which fully qualified the inspection standards. Next, the Company expects to commence selling its rice products at the Yokado stores in Chengdu subject to further negotiations.

The mid-high end positioned Jusco supermarkets are owned by AEON Co. Ltd., also a fortune 500 holding company from Japan comprised of a group of 180 retailing companies. During May, the Guangdong subsidiary of Jusco conducted a stringent factory inspection for American Lorain's pickle products in its Dongguan subsidiary with respect to procurement, production, storage & transportation, and hygienic standards, which also yielded satisfactory results. American Lorain's Caigenjie branded pickle products have now began retailing through branded counters in Jusco supermarkets in Guangzhou and Shenzhen, with negotiation for chestnut and frozen food products in progress.

American Lorain's Chairman and CEO, Mr. Si Chen, stated, "With the rapid development of the processed food industry, factory inspection has become a prerequisite for entering retail channels for manufacturers. The 7-Eleven's Japan headquarter conducted a successful factory inspection for American Lorain's chestnut products back in November of 2010, and we now export our chestnut products to these 7-Eleven retail outlets in Japan. The successful inspection by two other top retailers has shown that American Lorain possesses strong manufacturing facilities and systematic production management expertise, which we believe serves as a solid foundation for the Company's further development."

About American Lorain Corporation

American Lorain Corporation products include chestnut products, convenience food products and frozen food products. The Company currently sells over 240 products to 26 provinces and administrative regions in China as well as to 42 foreign countries. The Company operates through its five direct and indirect subsidiaries and one leased factory located in China. For further information about American Lorain Corporation, please visit the Company's website at http://www.americanlorain.com.

About Ito Yokado Ltd.

One of Japan's leading retailers, Ito-Yokado is a Japanese general merchandise store which operates about 174 superstores throughout Japan. Formerly a holding company for businesses that included banks, convenience stores, and restaurants, Ito-Yokado is now a subsidiary and the core operating company of Japan's largest retail conglomerate Seven & i Holdings's domestic superstore business. For more information, please refer to http://www.iy-cd.com/ or http://www.7andi.com/en/.

About Jusco, Ltd.

Jusco supermarkets are owned by AEON Co. Ltd., also a fortune 500 holding company from Japan comprised of a group of 180 retailing companies. The Jusco Guangdong subsidiary is a joint venture formed by AEON Stores ( Hong Kong) Co., Ltd. and Guangdong Tianhecheng Merchandise Co., Ltd. For more information, please refer to http://www.jusco.cn/ or http://www.aeon.info/en.

SOURCE American Lorain Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs