American Dairy Moves Corporate Headquarters to China's Capital: Beijing.BEIJING -- American Dairy, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADIY), one of the leading producers and distributors of milk powder and soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been products in China, announces that they have moved their corporate headquarters to Beijing, China. In 2004, American Dairy relocated their corporate offices from Heilongjiang Province, located in the northeast region of China, to Beijing. The strategic decision to move from the rural province into the urban city was motivated by one main reason: to improve the quality of American Dairy's personnel. Beijing, the capital of China, is known for its educational resources; many of China's top universities and high level vocational schools produce much of the country's most valuable workforce. "To reach our full potential and to operate more efficiently and effectively, we must equip ourselves with the best human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. available," explained Leng You-Bin, President/CEO. The new office is located in Beijing's Chaoyang District Chaoyang District is the name of two districts in China:
Chaoyang features highly developed culture and education. In 2000, the region registered 310 primary and secondary schools and 53 institutions of higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. . With a large number of State-class cultural facilities, such as Beijing Workers' Stadium, the National Olympic Sports The Olympic sports comprise all the sports contested in the Summer and Winter Olympic Games. The current Olympic program consists of 35 sports with 53 disciplines and more than 400 events — the Summer Olympics include 28 sports with 38 disciplines, and the Winter Olympics Center and the Capital Library, the district boasts rich cultural resources. The China International Exhibition Center, the China World Trade Center and the National Agricultural Exhibition Center hold various kinds of exhibitions each year, turning the district into a national exhibition and cultural center.(2) In order for American Dairy to continue growing as one of the leaders in the industry, the company must increase recognition of the 'Feihe' brand. Immediately following the move to Beijing, American Dairy was able to strengthen the quality and size of their marketing and distribution teams. As a result, 'Feihe' was able to enter into new provinces and reach more consumers. Other related companies located in Beijing, China, include: Hormel Foods, Corp.; Kraft Foods Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA. The Philip Morris Company (now known as Altria Group), a company that produces tobacco products, acquired Kraft for , Inc.; Nestle; Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. ; Nike, Inc.; and Johnson & Johnson, Inc. Certain of the statements made herein constitute forward-looking statements that involve risks and uncertainties. In such instances, actual results could differ materially as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China, variations in cash flow, reliance on collaborative retail partners, and on new product development, variations in new product and service development, risks associated with rapid technological change, and potential of introduced or undetected flaws and defects in products and services, and other risk factors detailed in forms filed with the Securities and Exchange Commission from time to time. (1) http://www.bjchy.gov.cn/english/asc.htm (2) http://www.bjchy.gov.cn/english/asc.htm |
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