Panyu M&M Increases Import of Dairy Products to China
September 18, 2008
MyStarU.com has announced that its subsidiary, Panyu M&M Import Export Company, has increased import of dairy products to China.
Panyu’s importing product lines have had 110% growth in 2008. Recently, Panyu has been importing dairy products from an exporter in New Zealand.
Alan Lun, CEO of MyStarU.com (MYST), said: “Panyu is taking full advantage of the domestic market in China – MYST’s trading segment is to develop consumer products, especially food, with its relating products imported to local distributors. China is gradually cutting the import tariff of dairy products after joining WTO. MYST will increase revenue of $25-30 million in the future 12 months generated by the importing business as forecasted.”