View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 10, 2020

Australia’s Jatcorp to produce plant-based meat in China

Australia's Jatcorp, previously trading as Jatenergy, has entered an agreement in China to produce plant-based meat in the country.

By Dean Best

Australia’s Jatcorp, previously trading as Jatenergy, has entered an agreement in China to produce plant-based meat in the country.

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

The products will be made via contract manufacturers and will be supplied to Shanghai Godly Vegetarian Industry Co., China’s largest state-owned vegetarian restaurant chain.

The so-called strategic cooperation agreement has been channelled through Aofu Trading Co., described by Jatcorp in a stock-exchange announcement as a “nominated buyer of Shanghai Godly”.

Jatcorp’s 50-50 plant-based joint venture with Sydney-based Oppenheimer Pty – Jat Oppenheimer, established last year – is in the final stages of negotiation with “selected contract food manufacturers” in China. Agreements are expected to be finalised before February.

Jat Oppenheimer has been developing plant-based meat products since 2019, which have this year been trialled in unnamed restaurant chains in China, including Shanghai Godly.

The contract manufacturers will produce meat-alternatives to raw pork, beef, chicken and minces for Shanghai Godly to craft into meals. Jatcorp will supply the recipes and formulations and provide technical support, and also plans to offer the raw materials to other foodservice outlets and supermarkets in China, along with other parts of Asia.

Jatcorp said it has received “potential buying interest” from other state-owned restaurant groups in China and discussions are “ongoing”.

New South Wales-based Jatcorp changed its name from Jatenergy in June following approval by the board and shareholders. Before entering the plant-based sphere, the company had been primarily focused on dairy and infant-formula products mainly for export, with China a key market.

It will continue to produce plant-based products in Australia for the domestic market, as well as for export.

Related Companies

Free Whitepaper
img

What is the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry?

While wanting to protect the country from being overwhelmed by Omicron, China’s adherence to a Zero-COVID policy is resulting in a significant economic downturn. COVID outbreaks in Shanghai, Beijing and many other Chinese cities will impact 2022’s economic growth as consumers and businesses experience rolling lockdowns, leading to a slowdown in domestic and international supply chains. China’s Zero-COVID policy is having a demonstrable impact on consumer-facing industries. Access GlobalData’s new whitepaper, China in 2022: the impact of China’s Zero-COVID lockdowns on economic activity, consumer goods and the foodservice industry, to examine the current situation in Shanghai and other cities in China, to better understand the worst-affected industry sectors, foodservice in particular, and to explore potential growth opportunities as China recovers. The white paper covers:
  • Which multinational companies have been affected?
  • What is the effect of lockdowns on foodservice?
  • What is the effect of lockdowns on Chinese ports?
  • Spotlight on Shanghai: what is the situation there?
  • How have Chinese consumers reacted?
  • How might the Chinese government react?
  • What are the potential growth opportunities?
by GlobalData
Enter your details here to receive your free Whitepaper.

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food