What does ABC mean in TORONTO STOCK EXCHANGE
ABC is an abbreviation for Asia Bio-Chem Group Corporation, a publicly traded Canadian company operating in the agricultural feedstock and bio-chemicals markets. The company conducts its business in China through wholly-owned and invested companies. In addition to corn starch & derivatives, the company’s core products include soybean meal, crude oil extractions, refined corn oil products and more. Founded in 1996 by President and CEO Jeffrey Scott Hann, the group has grown to be one of the largest feedstock processers in China.
ABC meaning in Toronto Stock Exchange in Business
ABC mostly used in an acronym Toronto Stock Exchange in Category Business that means Asia Bio-Chem Group Corporation
Shorthand: ABC,
Full Form: Asia Bio-Chem Group Corporation
For more information of "Asia Bio-Chem Group Corporation", see the section below.
Business Profile
Asia Bio-Chem Group Corporation operates through various subsidiaries located across Beijing, Shanghai, Hainan Island and other locations throughout China. The group focuses on helping farmers maximize their yields by providing world class technological solutions for seed production and fertilization. Additionally, ABC provides top quality animal health products & services, risk management services as well as feedstock processing & refining solutions. ABC has become an expert in this field due to its strategic approach towards crop yields maximization through integrated technology solutions that combine generation of high quality crop with cost efficient input utilization. The ABC Group operates three major business lines which are Corn Starch & Derivatives, Soybean Meal Raw Materials and Refined Corn Oil Products & Services.
Expansion Strategy
In recent years, Asia Bio-Chem has been actively expanding its reach into international markets and setting up collaborations with other agricultural giants in order to secure or develop new sources of feedstock supplies from diverse origins for its customers globally - such as wheat bran, oats etc. Through partnerships with players like Monsanto Company Limited (a subsidiary of Bayer AG), ABC continues to grow rapidly both domestically within China as well as regionally throughout Southeast Asia. ABC’s commitment to yield improvement also extends beyond crop selection - with onsite research laboratories located at key production facilities aimed at developing customized strategies for small scale farming operations.
Essential Questions and Answers on Asia Bio-Chem Group Corporation in "BUSINESS»TSX"
What is Asia Bio-Chem Group Corporation?
Asia Bio-Chem Group Corporation is a Singapore-listed, global agri-business leader in the production of corn starch and its related products. This company works with local farmers in China to develop and produce high quality agricultural products.
What are the products that Asia Bio-Chem Group Corporation offers?
Asia Bio-Chem Group Corporation produces a variety of corn starch related products, including modified starches, vegetable proteins, hydrolysates, glucose syrups and other food ingredients.
How does Asia Bio-Chem Group Corporation source its raw materials?
Asia Bio-Chem sources its raw materials from many areas throughout China, including direct contracts with local farmers for primary crops. The company also works closely with grain traders and processors to obtain additional supply requirements.
Does Asia Bio-Chem Group Corporation have any subsidiaries or joint ventures?
Yes, currently the company has two subsidiaries and three joint ventures. These include companies such as Yangzijiang Starch Industrial Co., Ltd., Abchina Foodstuffs Co., Ltd., China Minsheng Printing & Dyeing Co., Ltd., Huai An Xinfeng Grain & Oil Co., Ltd. and Shandong Yunda Corn Starch Co., Ltd.
What initiatives has Asia Bio-Chem taken to ensure proper quality control over its products?
The company has taken numerous steps to ensure adequate product quality control, which includes establishing rigorous standards for every stage of production from raw material selection to finished product packaging; implementing processes that allow regular testing of all stages of the production process; using modern technology to monitor production lines; promoting research into product safety protocols; and implementing regular audits of manufacturers involved in various stages of production.
Does Asia Bio-Chem Group Corporation have an environmental policy?
Yes, the company has established an Environmental Management System (EMS) in accordance with ISO 14001 standards. Its program covers waste management throughout all stages of production as well as utilizing resources efficiently in order to reduce environmental impact.
Does Asia Bio-Chem use sustainable practices when sourcing crops from farmers?
Yes, the company's efforts towards sustainable agriculture include building strong relationships with farmers by offering assistance such as training them on various sustainable farming techniques and encouraging them to use new crop varieties bred for increased yields.
How does Asia Bio Chem ensure that it meets food safety standards across its operations?
AsiaBio- Chem’s food safety management system is based on internationally accepted HACCP principles. From sourcing raw materials through manufacturing processes all the way till packing and dispatch levels strict checks are performed at each step of product manufacture so as to meet the highest food safety standards demanded by customers worldwide across various industries.
Final Words:
ABC stands for Asia Bio-Chem Group Corporation – a global leader in the field of agricultural feedstock processing and refining solutions based out of Canada but primarily operating within the Chinese market. With innovative technology solutions that increase efficiency while reducing inputs costs significantly accompanied by a constantly expanding list of partners around the globe – ABC is prime example of growth innovation within Agriculture Technology Market today. Its commitment towards small scale farmers allows it to both directly improve lives while generating significant long term value across all stakeholders associated with this organization.
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