July 5, 2011
American Lorain Corporation (NYSE Amex: ALN)
("American Lorain" or the "Company"), an international processed snack foods, convenience foods, and frozen foods company based in
, today announced that its
facilities have recently successfully passed the factory inspection by two premium retailers, Ito Yokado ("Yokado")
subsidiary and Jusco Guangdong subsidiary.
Yokado is owned by Seven & i Holdings Co. Ltd., a fortune 500 holding company from
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
subject to further negotiations.
The mid-high end positioned Jusco supermarkets are owned by AEON Co. Ltd., also a fortune 500 holding company from
comprised of a group of 180 retailing companies. During May, the
subsidiary of Jusco conducted a stringent factory inspection for American Lorain's pickle products in its
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
, 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
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
. 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."
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
as well as to 42 foreign countries. The Company operates through its five direct and indirect subsidiaries and one leased factory located in
. For further information about American
, please visit the Company's website at
Ito Yokado Ltd.
's leading retailers, Ito-Yokado is a
general merchandise store which operates about 174 superstores throughout
. 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
's largest retail conglomerate Seven & i Holdings's domestic superstore business. For more information, please refer to
Jusco supermarkets are owned by AEON Co. Ltd., also a fortune 500 holding company from
comprised of a group of 180 retailing companies. The Jusco Guangdong subsidiary is a joint venture formed by AEON Stores (
) Co., Ltd. and Guangdong Tianhecheng Merchandise Co., Ltd. For more information, please refer to