News on Potato Starch from China

June 07, 2010

Starch manufacturer China Essence Group clarifies financial position

China Essence provided the following update on its financial position, no doubt in part in response to last week's drop in stock price:It has come to the management’s attention that there were concerns regarding the debt level of the Group. The managem...

May 31, 2010

China Essence Group stock price tumbles

The stock price of potato starch manufacturer China Essence Group, listed at the Singapore Exchange, dropped 36%. The drop in the stock price triggered the Singapore Exchange to query the China Essence Group regarding trading activity, which meanwhi...

April 19, 2010

Potato Starch: China reviews import tariffs EU Potato Starch

China announced today to start a mid-term review of the anti-dumping duties on imports of potato starch from the European Union, a move which may lead to the increase of duties imposed in 2007.

November 13, 2009

China Essence sees signs of recovery in potato starch market

China Essence Group Ltd. (“China Essence” or the “Group”), one of the largest, leading integrated producers of potato products in the People’s Republic of China (“PRC”), announced results for the second quarter year ended 30 September 2009 (“2Q FY2010”...

October 23, 2009

Potato industry in China to be more productive in years ahead

Potato industry has been turned into a vital agro-business in China to effect a remarkable change to the regional economic structure with its present potato grown acreage making up one fourth of the total grown acreage worldwide.Farmers around China no...

May 26, 2009

China Essence Group growth dampened by tough economic climate

China Essence Group Ltd., one of the largest, leading integrated producers of potato products in the People’s Republic of China (“PRC”), announced results for the year ended 31 March 2009 (“FY2009”), reporting a 4% increase in revenue over the previous...

March 27, 2009

China Essence CEO increases stake in the company, comments on loan obligations

China Essence Group Limited (the “Company”) is pleased to announce that its Chief Executive Officer Mr. Zhao Libin, purchased a total of 1,000,000 Company shares from the open market yesterday, at an average price of S$0.1137 per share.With the latest ...

February 26, 2009

China: Potato and Frozen Potato Products 2009 (Gain Report)

China's fresh potato production in MY08/09 is forecast at 65 million metric tons (MMT), not much change from the previous year. In the past two years, about 10 percent of China’s potato acreage shifted to other plantings due to the growth in grains pro...

February 23, 2009

Potato Starch Manufacturer China Essence says potato protein and potato fiber production expansion on schedule

China Essence Group announces that the plan to commence large-scale production of potato protein and potato fibre in FY2010 has been progressing well based on an internal pre-established timeline. The Company currently has in place production facilitie...

February 12, 2009

Chinese Potato Starch manufacturer China Essence Group reports 21% increase in 9M FY2009 Revenue

China Essence Group Ltd. (“China Essence” or the “Group”), one of the largest, leading integrated producers of potato products in the People’s Republic of China (“PRC”), today announced positive results for the third financial quarter ended 31 December...

December 23, 2008

Arrests in China Potato Starch Production Scam

Police in southwestern Sichuan province arrested three people who bilked 92 million yuan (£9.13 million/13.4 million USD) from more than 1,600 people in a potato starch production scam.The three set up a company promising returns of more than 23 percen...

November 14, 2008

Potato Starch manufacturer China Essence Group reports 39.1% increase in 1H FY2009 Revenue

Chinese Potato Starch Manufacturer China Essence Group reports: Revenue increases 39.1% to RMB359.7 million for 1H FY2009 thanks to stronger potato starch sales and a higher average selling price of potato starch. Gross profit surges 26.1% to...

September 26, 2008

Avebe Executive Gerben Meursing visits Taiwan

Gerben J. Meursing, Managing Director of Commerce of AVEBE UA, arrived in Taipei recently to host the 6th anniversary of opening ceremony AVEBE (Far East) Pte Ltd Representative Office, one of AVEBE's subsidiaries. Meursing said, "We will streng...

September 17, 2008

KMC Shanghai moves to new office

KMC has been active in China more than a decade and to match our continuous activities in China, we have upgraded our facilities in Shanghai.Our new office is located in the Gateway International Plaza – on 22nd Floor.Address details:KMC Shanghai Offic...

August 01, 2008

China Essence Group has been granted a loan facility for expansion

China Essences Group Ltd., a chinese producer of potato starch and related products, announced it entered into an agreement for a USD 60 million short term loan facility by the DBS bank.According to the statement, the purpose of the loan facility is to...

May 26, 2008

Starch manufacturer China Essence Group increases revenue 65%

China Essence Group Ltd. (“China Essence” or the “Company”), one of the largest, leading integrated potato-processing producers in the People’s Republic of China (“PRC”), is pleased to announce its full year financial results for the financial year end...

February 07, 2008

China Imposes Anti-Dumping Tax of 17-35% on EU Potato Starch Importers

According to the Chinese state press, the Ministry of Commerce has started to impose an anti-dumping tax on potato starch imported from the European Union since yesterday. Importers of potato starch are required to pay an anti-dumping tax of 17 to 35%....

October 21, 2007

Gain Report: Potato and Frozen Potato Products in China 2007

China fresh potato production in MY07/08 is forecast at 75.6 million tons, up 5 percent from the previous year as a result of growing consumer demand. Average fresh potato prices have risen 15 percent annually over the previous three years. Processed ...

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