Potato News from China

June 30, 2008

Competition gearing up in China's fast food industry

In a nation that has taken pride in the delicacy and diversity of a cuisine which dates back thousands of years, it is astonishing that foreign fast food chains like Kentucky Fried Chicken (KFC) and McDonald's have dominated the fast food industry in ...

June 26, 2008

McDonald's raises prices in China

There's no escaping rising inflation - signs of it are everywhere. The latest sign could be in your meal at a fast-food outlet. McDonald's, the world's largest fast food chain, yesterday raised its prices in China, for the second time this year, fo...

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...

April 23, 2008

Burger King Plans Rapid China Growth Over 3 Years

Burger King Holdings Inc, the world's No. 2 hamburger chain, is looking to open several hundred restaurants over the next three years in China, where it now has only 12, a senior executive said on Monday, as it seeks to narrow the gap with rival McDona...

April 03, 2008

Fast Food Companies See Beijing Olympics As Opportunity for Higher Sales

As the Olympic torch makes its way to Beijing, some American fast food companies are following the flame in a bid to capitalize on both the growing Chinese consumer market and the coming influx of tourist dollars. Chains big and small are either openi...

March 28, 2008

Chinese consumers opting for local brands

Chinese consumers prefer local brands to foreign ones, with domestic products the top choice in 39 of 57 categories, or 68 percent, in a recent survey. The "2008 Ideal Brands for Chinese Consumers"survey was conducted by the Business Brand I...

March 23, 2008

Yum! Brands registra incremento del 30% en ganancias en China en 2007

Yum! Brands Inc, el mayor operador de cadenas de comida rápida del mundo, registró un alza del 30 por ciento en sus beneficios en el mercado chino durante el año pasado. El volumen de negocios del operador de los establecimientos de KFC, Taco Bell y...

March 21, 2008

Yum! Brands reports 30% profit jump in China last year

Yum! Brands Inc, the world's largest fast food chain operator, realized a 30 percent profit increase in the Chinese market last year. The operator of KFC, Taco Bell and Pizza Hut stores in China registered 21.5 billion yuan (about 3 billion U.S. dollar...

February 26, 2008

McCain hopes busy Chinese like fries

China, India and other developing countries will become "critically important cornerstones"for the frozen food giant as increasingly time-pressed consumers in emerging economies start to reach for products that simplify their lives, said Dale...

February 25, 2008

McDonalds offers home delivery in Shanghai, China

McDonald's Corp has begun offering home delivery in Shanghai, aiming to build a model in China to boost sales and help it catch up with rival Yum! Brands in the world's most populous country. McDonald's has built up a fleet of 300 motorcycles over th...

February 25, 2008

McDonald's Quietly Raises Prices In China

McDonald's quietly published new price quotes at its outlets starting Feb. 23, involving rises of between 5% and 10%, or 0.5 yuan to 1.5 yuan, for almost all products: burgers, soft drinks, French fries. This followed three separate price increases las...

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%....

February 06, 2008

Yum reports strong sales in China

Yum Brands Inc., which operates the KFC, Taco Bell and Pizza Hut chains, says fourth-quarter profit slipped almost 1 per cent as strong sales in Chinese and international divisions mostly countered the impact of higher costs.

January 29, 2008

McDonald's says to open 150 outlets in China in '09

McDonald's Corp, the world's largest fast-food chain, plans to open 150 outlets in China in 2009, the company's top China executive said on Tuesday, as competition heats up in the rapidly expanding market. The company expects to maintain 15 percent ann...

January 29, 2008

McDonalds dice que aumentara presencia en China

McDonald's Corp, la mayor cadena de comida rápida del mundo, está incrementando su presencia en China gracias al aumento tanto de los ingresos como del apetito por la comida occidental, tendencias que también han identificado sus rivales. McDonald's ...

January 20, 2008

McDonald's, Sinopec open joint service station/restaurant in Beijing

China Petroleum &Chemical Corp (Sinopec) and McDonald's Corp have opened their first combination service station and restaurant in Beijing, the Shanghai Business Review reported, citing sources.

January 17, 2008

Yum's experiment in China: 'East Dawning'

With its Chinese lettering and unremarkable name, the fast-food outlet in a Shanghai shopping mall looks like many others selling local fare. East Dawning is crowded with customers on this winter evening, and they're sampling a menu that includes pork ...

December 23, 2007

Profile of Jerry Schafer, VP and COO at McDonald's China

It's a long way from the east side of Detroit to the east side of China, but that's the story of Jerry Schafer's career under the Golden Arches. Schafer, 53, is senior vice president and chief operating officer at McDonald's China. He grew up in the ...