Deyu Agriculture retail network reaches milestone

Deyu Agriculture Corp. (DEYU 3.07, -0.03, -0.97%) , a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains, announced that it is now selling its grain-based food products in over 8,500 retail outlets in 60 cities covering 13 provinces, including over 4,500 supermarkets and 4,000 smaller convenience stores.

"We are proud of the retail customer network that we have built in a relatively short period of time," said Mr. Jianming Hao, chairman and chief executive officer of Deyu Agriculture. "These customers have embraced our strategy of offering high quality organic grain food that meets the increasing Chinese consumer demand for more healthy, nutritious and convenient food products. We are not only selling into some large supermarket chains such as Beijing Hualian Group, Auchan, Walmart and Carrefour, we are also pleased to be distributing our products into over 4,000 smaller convenience stores."

"We remain on track to be selling into over 10,000 retail outlets by the end of 2010 and believe that we will significantly grow that base in 2011," concluded Mr. Hao.

About Deyu Agriculture Corp.

Deyu Agriculture Corp. is a vertically integrated producer, processor, marketer and distributor of organic and other agricultural products made from corn and grains operating in the Shanxi Province of the People's Republic of China. Deyu has access to over 100,000 acres of farmland in the Shanxi Province for breeding, cultivating, processing, warehousing, and distributing grain and corn products. Deyu has an extensive retail distribution network of more than 8,500 retail stores across China.

Deyu Agriculture's web site is located at www.deyuagri.com.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish