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Global agricultural giant Cargill sets up shop in Yangshan bonded area

en.lgxc.gov.cn| Updated: Mar 25, 2020 L M S

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Cargill Group, the largest personal holding company in the US and the world's leading producer of animal nutrition and food products, officially sets up operations in Lin-gang Special Area. [Photo/WeChat account: shlgguanweihui]

Cargill investment (China) Co Ltd recently set up a wholly-owned subsidiary – JOYPLUS International Trading (Shanghai) Co Ltd – in the Yangshan Comprehensive Bonded Zone of Lin-gang Special Area.

JOYPLUS International Trading (Shanghai) Co Ltd has registered capital of $30 million.

Relying on the development advantages provided by Lin-gang Special Area, JOYPLUS will provide its subsidiaries and their upstream and downstream customers with comprehensive trade settlements, supply chain financing, risk management and business consulting services in domestic trade, transit trade and new international trade.

JOYPLUS will work to localize Cargill's services, taking advantage of Lin-gang Special Area's opening up policy, while also developing innovative business practices and supporting other markets.

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The factory of Cargill Group [Photo/WeChat account: shlgguanweihui]

The Yangshan Comprehensive Bonded Zone is the core functional zone of Lin-gang Special Area and the only special comprehensive bonded zone in the country. With its focus on free trade and transport, the zone will further simplify trade regulations and licensing and procedural requirements as well as implement policies and systems for trade liberalization and facilitation.

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