McCain is after a lion's share of China's fast food market

McCain is after a lion's share of China's fast food market

McDonald's Restaurant in Shanghai

二月 06, 2010

The average Canadian eats 30 pounds of french fries per year. In China, per capita consumption is less than 3½ ounces.

McCain Foods Ltd. is trying to turn the figures for Asia's largest country around.

And there is hope for McCain, whose biggest fast-food restaurant chain clients, KFC and McDonald's, are seeing exponential growth in China - a country of 1.3 billion people.

Just over 20 years ago, McCain felt the Chinese market wasn't strong enough to warrant setting up a french fry factory.

KFC and McDonald's were just breaking into China in the late 1980s and neither were posting figures that would entice McCain to move in as an on-the-ground supplier.

In the mid-'90s, though, business started to pick up and McCain began selling into China seriously.

By 2005, it had built its own potato processing plant to help meet demand.

Now, the company says it is the largest producer and supplier of both domestically produced and imported frozen potato and appetizer products in China.

Terry Bird, vice-president of corporate development and emerging markets, predicts that less than two decades from now, Asia alone is set to match the scale of McCain's entire global operation.

"Last year, we did $6.5 billion in the world with 20,000 employees at 60 factories,"he says.

"We see Asia, the potential for Asia, being as big as our whole company in 10 to 15 years' time."

Like to receive news like this by email? Join and Subscribe!
Join Our Telegram Channel for regular updates!
Sponsored Content
Gauchitas y Zuelo presentan las primeras papas fritas en aceite de oliva virgen extra de Argentina
七月 09, 2024

Argentina: papas chips, extra premium

Argentina continua innovando en materia industrial, esta vez combinando dos productos insignia: papas y aceite de oliva.
The Nacho Fries Lover’s Pass makes a comeback, unlocking 30 days of a regular order of Nacho Fries for just USD 10 exclusively through the Taco Bell app.
七月 07, 2024

Nacho Fries season continues! Taco Bell® brings back Nacho Fries lover's pass and debuts Jalapeño Ranch Nacho Fries

Forget National Fry 'Day' – Taco Bell is celebrating Nacho Fries all month long by giving fans the chance to unlock 30 days of Nacho Fries in addition to an entirely new flavor!
How to Cook Frozen French Fries: Expert Advice
七月 07, 2024

How to Cook Frozen French Fries: Expert Advice

Everyone in your kitchen knows how to cook frozen french fries, right? With the extraordinary turnover in kitchen staff driven by the pandemic, fry-cooking competency isn’t a given any more. Simplot shared this extensive advice and a lot of tips!
Sponsored Content