Key Takeaways:
- Nisun International has secured over 50,000 tons of corn from Beidahuang Group.
- The partnership involves Rugao Port Group Co., Ltd.
- This development aims to expand Nisun International’s grain business.
- The secured supply enhances the company’s grain solutions capabilities.
- The partnership supports regional economic growth and food security.
Major Milestone Announcement
Nisun International Enterprise Development Group Co., Ltd. (Nasdaq: NISN), a technology and industry-driven integrated supply chain solutions provider, announced a major milestone in its grain supply chain business. The Company has secured a supply of over 50,000 tons of corn from Beidahuang Group Co., Ltd., one of China’s largest agribusiness groups, in partnership with Rugao Port Group Co., Ltd., a leading port and harbor operator.
Expansion of Grain Business
This procurement is a critical step in expanding Nisun International’s grain business. The substantial corn supply will enhance the Company’s ability to provide stable and efficient grain solutions, positioning it for growth in the agricultural sector.
Partnership and Expertise
Rugao Port Group Co., Ltd. brings significant logistical and operational expertise to the partnership. Recognized as a National 5A Logistics Enterprise, AAA Credit Enterprise, and National Supply Chain Innovation and Application Pilot Enterprise, Rugao Port Group operates Rugao Port, a national first-class port. This support is essential for the efficiency of the grain supply chain.
Beidahuang Group’s Role
Beidahuang Group Co., Ltd. manages over 53,600 square kilometers of land, including 48.7 million acres of arable land. As a national ecological and modern agricultural demonstration area, it produces over 20 billion kilograms of grain annually, with a brand value of RMB 201.9 billion. This production capacity ensures a reliable corn supply, crucial for Nisun International’s expansion.
CEO’s Statement
“Nisun International’s expansion into the grain supply chain is a pivotal development for our company,” said Mr. Xin Liu, CEO of Nisun International. “Securing this substantial corn supply not only strengthens our business capabilities but also supports our commitment to contributing to global food security and agricultural development.”
