1.9 C
Beijing
Wednesday, January 28, 2026

UPS to cut 30,000 jobs and close 24 sites as Amazon volume “glide-down” continues

UPS plans to cut up to 30,000 jobs and close 24 facilities in 2026 as it reduces Amazon delivery volume, even as the company beat earnings estimates and forecast higher revenue for the year.

Wall Street pushes S&P 500 toward 7,000 while Dow falls as healthcare stocks tumble

Wall Street lifted the S&P 500 to a record and closer to 7,000 as earnings rolled in and the Fed meeting began, while the Dow slipped after health insurers sank on Medicare Advantage news.

Tesla stock in focus ahead of results as Wall Street debates growth vs profitability

Tesla is set for a key earnings test as investors watch margins, demand and pricing strategy, with the results expected to influence sentiment across the EV and tech markets.

Adisseo Group Targets China’s Aquaculture Market with New Protein Factory

BusinessAdisseo Group Targets China's Aquaculture Market with New Protein Factory

Adisseo Group, a subsidiary of State-owned Sinochem Holdings Corp Ltd and a France-based animal nutrition provider, is set to launch a protein factory in Chongqing and construct a specialty factory in Nanjing, Jiangsu province this year, according to a top executive.

The Chongqing plant is expected to produce 20,000 metric tons of protein annually, which will be utilized in fish farming. Farmers can replace fishmeal and soy with this high-quality ingredient, which requires no arable land and no plant matter.

Initially, the plant’s production will be available for use in China, which is the world’s largest aquaculture market by consumption volume. Adisseo sees China as the largest market in the world for its products.

Jean-Marc Dublanc, CEO of Adisseo, said that the company’s objective for this year is not just to provide enough animal feed in China but also to export it to the rest of the world, with a focus on the Asia-Pacific region and beyond, from the company’s manufacturing base in Nanjing.

Adisseo’s Nanjing manufacturing base can produce 350,000 tons of liquid methionine a year for both Chinese and global markets. This year, about half of its production will be exported to markets involved in the Belt and Road Initiative, such as Thailand, Vietnam, Saudi Arabia, and Turkiye.

Adisseo’s new specialty formulation plant in Nanjing will be capable of producing 37,000 tons of feed additives annually. This will enable the customization of products to meet specific Chinese industry requirements while remaining cost-effective.

Adisseo’s ultimate goal in this development area is to improve the quality, sustainability, and security of the food and animal protein supply in China. The French executive noted that the Chinese economy has shown its resilience and sound long-term fundamentals amid multiple challenges.

According to Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing, eating habits in China are changing with the country’s economic growth. Food consumption is rising, the types of foods purchased are diversifying, and palates are becoming more sophisticated. This has dramatically transformed the animal feed industry in China.

Read More:

Check out our other content

Check out other tags:

Most Popular Articles