STORY: China's flaxseed processing company highlights cooperation potential with Kazakhstan
SHOOTING TIME: recent footage
DATELINE: Oct. 27, 2024
LENGTH: 00:01:06
LOCATION: YINCHUAN, China
CATEGORY: ECONOMY

SHOTLIST:
1. various of the factory of Junxingfang Food Technology Co., Ltd.
2. SOUNDBITE (Chinese): MA SHAOBIN, Chairman of Junxingfang Food Technology Co., Ltd.

STORYLINE:

Based in northwest China's Ningxia, Junxingfang is a company specializing in flaxseed processing and flaxseed oil production.

With a steady supply of raw materials from Kazakhstan, the company has recorded robust growth in sales over the past years.

In 2024, the company's import volume of Kazakh flaxseed is expected to exceed 50,000 tonnes.

SOUNDBITE (Chinese): MA SHAOBIN, Chairman of Junxingfang Food Technology Co., Ltd.
"We have established cooperation with Central Asian countries, especially Kazakhstan, in terms of raw materials. Their fertile land and good quality of cultivation make them ideal partners. In the past few years, the import of flaxseeds from Kazakhstan has played a crucial role in ensuring a stable supply of raw materials. Our company has witnessed a sales surge from about 57 million yuan (about 8 mln USD) in 2017 to over 300 million yuan (about 43.4 mln USD), indicating a positive growth trend.
We see great potentials in future cooperation with Central Asian countries, specifically in the flaxseed industry. The trade volume between China and Central Asian countries keeps increasing, with closer cooperation between the two sides. In the future, we plan to cultivate high-yield flaxseed varieties with high added value and engage in cultivation activities in Central Asian countries."

Xinhua News Agency correspondents reporting from Yinchuan, China.
(XHTV)