COFCO Corporation and China Grains & Logistics Corporation (CGLC) held the merging conference in Beijing on March 28, 2013. COFCO integrated the grain purchase and storage system and supporting facilities of the latter into its strategic arrangements, improving and enhancing its integrated business model.
The two parties are complementary to each other in resources. They are both state-owned enterprises. COFCO transmitted from trader to producer successfully, playing a significant role in guaranteeing food sufficiency and safety. CGLC boasts the grain purchase and logistics system and supporting facilities. This merging will produce more efficient grain circulating and processing system, consummate the integrated business model and greatly enhance sustainability and influence of COFCO.
