Chinese pork processor Shandong Delisi has announced plans to invest in a production venture with Australian meat processor and packer Yolarno Pty.

Yolarno is the parent company of Bindaree Beef. Last month, reports surfaced Shandong Delisi was taking a 45% stake in Bindaree Beef for A$140m, which the Chinese group confirmed when it announced the meat processing project yesterday (27 November).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The venture will be in Qingdao, with the two companies investing a combined CNY300m (US$47m).

The new project will see the construction of a cold storage facility and a processing plant in the city. Shandong Delisi said it expects sales of CNY2bn and profit of CNY120m a year from the venture.

Shandong Delisi said the investment would help it expand its business in high-end beef products and increase profitability.

The company added the project would generate business from neighbouring Asian markets and would allow for the groups to create a “new product mix” in China.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now