Is Lianyungang Yihai Grain and Oil State-owned?

Yes Lianyungang Yihai Grain and Oil is a central enterprise, which is directly managed by the State Council State-owned Assets Supervision and Administration Commission and is a wholly state-owned enterprise. Yihai (Lianyungang) Company invested 644 million yuan in soybean processing project. At present, the daily processing capacity of soybean is 6000 tons, the daily processing capacity of feed soybean meal is 4800 tons, and the daily processing capacity of soybean oil is 1200 tons. The project introduces advanced equipment from American Crown Company and is supported by American ADM Company. The main products are "Arowana" brand series edible oil products and "Fengyuan" brand soybean meal for feed, which sell well in domestic and foreign markets.