Tritent Int’l Agriculture (UNMK) Announces The Construction Of Its Infant Formula Plant
Tritent Int’l Agriculture, Inc., a Pennsylvania company registered to conduct business in the States of Iowa and Illinois, announced the initiation of construction of its infant formula plant in Cascade, Iowa.
“August 30, 2012 marks an important milestone for Tritent’s corporate development. Together with the research of business model, creation of the business plan, site selection and funding raising, it has taken close to a year to come to this groundbreaking point,” Nathaniel Hsieh, President of the Company stated.
According to Mr. Hsieh, the company targets its completion of the plant by May 2013. Once completed and fully certified, it will become the 5 th infant formula plant in the United States. The company has reached tentative agreement for the supply of its fresh milk from Swiss Valley, a Midwest dairy co-op, and is setting up distribution network in China as its main targeted market.
“We selected Cascade, Iowa for our plant site because it lies at the center of the Midwest dairy country and its food supply and processing industries,” Hsieh further stated. The company has just completed its acquisition of a ten-acre land at the Cascade Industrial Park. Construction of a 20,000 SF plant is now underway with 100 ton daily milk processing capacity. Hsieh explained that this planned capacity will only satisfy up to 3% of China’s growing need for quality infant formula products.When inquired about its source of funding, Hsieh stated that investor immigration at the present time is the company’s main funding source. “The recent approval of our investor immigration petition by the United States Immigration and Naturalization Service is a complete validation of our company’s business and model in investing in and creating jobs for rural America.” According to Hsieh, also a practicing attorney in immigration law, the current U.S. immigration laws permit anyone with immediate family for immigration, provided a minimum $500,000 is invested in a rural area and 10 full-time local jobs created.
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