Yihai (Yantai) Oils & Grains Industries Co is a Sino-foreign joint venture invested by Yihai Kerry and Yantai Port with a registered capital of 270 million yuan ($39.74 million).

Located in Zhifu district of Yantai, the company was put into operation in April 2002 and is mainly engaged in the trade, processing, production and sale of oil, grain and related products.

So far, the company has received total investments of 650 million yuan.

The company has achieved considerable development over the years. It currently has an annual processing capacity of 830,000 tons of soybeans, with sales revenue of 3.58 billion yuan, total profits and tax contributions of 80.24 million yuan and has brought in $80 million in foreign exchange through exports.

Cooking oil giant Yihai Kerry is a subsidiary of Wilmar International, one of Asia's leading agribusiness groups based in Singapore.

Yihai Kerry has invested more than 38 billion yuan in China and has established 64 production bases and more than 130 productive entities across the country.

Oil products made by Yihai (Yantai) Oils & Grains Industries Co [Photo provided to chinadaily.com.cn]

Yihai (Yantai) Oils & Grains Industries Co [Photo provided to chinadaily.com.cn]