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development history
origin(1951-1980)
1951
ng fung hong - predecessor of cr ng fung - was founded and started to engage in agricultural products trade.
1952
ng fung hong became the exclusive agent of china food corporation and eventually became the largest chinese food distributor in hong kong.
1957
cr ng fung founded and co-sponsored the first china import and export fair (canton fair)
1961
ng fung hong became the general agency of cofco in hong kong, which played an important role in maintaining the stability of hong kong society.
1962
china resources started supplying fresh/frozen food to the hong kong market through the "three expresses". for decades, these three expresses deliver fresh food and vegetable from wuhan, changsha, shanghai and zhengzhou to hong kong, playing a significant role in guaranteeing its market supply and economic prosperity.
figure: then moftec minister wu yi (middle) inspected the "three expresses" in 1996.
figure: then moftec minister wu yi (middle) inspected the "three expresses" in 1996.
in the early 1960s
china resources managed to purchase food from canada and a number of other sources to ease the severe food shortage in china.
figure: china resources gm ding kejian (second from the left, front) signed a long-term wheat supply contract with representative of canadian wheat board (cwb) in 1965.
figure: china resources gm ding kejian (second from the left, front) signed a long-term wheat supply contract with representative of canadian wheat board (cwb) in 1965.
in the early 1970s
in the wake of the middle east oil crisis, hong kong experienced severe shortage of oil and food supply. china resources helped ease the food crisis by shipping grains from the mainland to hong kong.
transition(1983-2001)
1983
began to turn to self-operating trade business from agency business.
1995
listed on the hong kong stock exchange, and started capital management and vertically integrated vertical management.
1996
successively set up branches in jiangxi, hangzhou, and shanghai, and started to comprehensively enter east china in meat, aquatic products, and other fields.
1997
set up international fisheries company of china to seek international development through west africa pelagic fishing and aquatic products processing business.
1999
won the bid to run sheung shui slaughterhouse and was certified to the iso14001 environmental management system, opening a new decade of successful operation of the slaughterhouse.
2001
with development toward specialization, ng fung hong limited became a comprehensive food enterprise which integrated with food development, production and processing, warehouse logistics, wholesale and retail.
development and growth(2002-2010)
2003
set up shanghai ng fung ss food co.,ltd.
2004
established ng fung food(shenzhen)limited.
2007
set up hangzhou ng fung united meat corporation and yangzhou ng fung fuchun food corporation, further consolidating the leading marketing position in the yangtze river delta region;
became a shareholder of sichuan sihai food corporation, and successfully opened up west china market.
became a shareholder of sichuan sihai food corporation, and successfully opened up west china market.
2008
established henan ng fung edible oil and food co., ltd. and shandong ng fung fuyuan food co., ltd., in an effort to infiltrate into the henan and shandong markets.
metamorphosis(2011-2015)
2011
the company was renamed "china resources ng fung co., ltd.", and fully implemented a new strategy of the whole industry chain integration as basic mode and globalization development.
2012
purchased shenzhen shengzhongda industry co., ltd. to enhance its rice operations;
purchased shenzhen yonghua agricultural product co., ltd., opening a new chapter of the fresh agro-products operation's expansion in the national market;
started construction for cr ng fung pinghe pomelo processing base;
purchased shenzhen yonghua agricultural product co., ltd., opening a new chapter of the fresh agro-products operation's expansion in the national market;
started construction for cr ng fung pinghe pomelo processing base;
2013
set up the rice business unit; acquired 5 rice production/distribution corporations, including shanghai fengyu, xi'an fujin, wuchang rice, wuhan meifeng, and liaoning sinopaddy to speed up the national layout of its rice business.
cr ng fung longgang meat processing center project and shenzhen slaughterhouse no. 3 were officially put into operation, which provided a powerful guarantee of food safety for citizens.
cr ng fung longgang meat processing center project and shenzhen slaughterhouse no. 3 were officially put into operation, which provided a powerful guarantee of food safety for citizens.
2014
signed contract with china grain reserve corporation for the establishment of a joint venture, extending the partnership of both parties along both ends of the industrial chain and consolidating the company's leadership in the rice industry;
cr ng fung (xibaipo) hen farm started business operation, with a capacity of 500,000 hens/year
cr ng fung (xibaipo) hen farm started business operation, with a capacity of 500,000 hens/year
2015
cr ng fung purchased 4.9% ipo unit trust of murray goulburn, the largest dairy company in australia.