On 20 Aug., China Starch Holdings Limited (China Starch) released unaudited consolidated interim performance: in H1 2021, both price and sales volume of its starch sugars increased since demand for its starch sugars was not affected during the epidemic and even recorded an increase. China Starch maintained nearly full capacity.
|Sector/product||Item||H1 2021||H1 2020||Growth rate|
|Fermentation and downstream products||Revenue, million USD||221.8||134.4||65.0%|
|Starch sugar||Revenue, million USD||38.9||24.7||57.8%|
The business performance of its starch sugar sector was positive because of the recovery of domestic economic and the catering industry's purchase and storage of starch sugar. The increase in revenue was mainly due to rises in price and sales volume as well as transfer of costs to customers.
Looking forward to H2, 2021, China Starch is cautiously optimistic. From H2 2020 to H1 2021, starch sugar sector has achieved fruitful results but still is facing predicament of oversupply and fierce competition. China Starch will continue to monitor market conditions closely. As a leading participant in the corn starch and starch sugar sector, China Starch is confident in a long-term development of this business.
China Starch has three production plants, namely Shouguang Golden Corn Biotechnological Co., Ltd., Linqing Deneng Golden Corn Biotechnology Co., Ltd., and Shouguang Golden Far East Modified Starch Co., Ltd.. Now China Starch can process 3.6 million tonnes of corn annually, with the production scale of 2.6 million t/a corn starch, 100,000 t/a modified starch, 300,000 t/a lysine, 150,000 t/a starch sugar, etc.
CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of data and content solutions, from price and trade data to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.
For more information about CCM, please visit www.cnchemicals.com or get in touch with us directly by emailing email@example.com or calling +86-20-37616606.