Cargill Asia Pacific Food Systems (Beijing) Co., Ltd£­Beijing International Information Industry Base Investment & Cooperation Agreement Subscription Ceremony was held in the Commercial Chamber of Changping District. Mr. Hong Qizhong, deputy head of Changping District and Mr. Su Guiguang, Director of the Administration Committee of Changping Park of Zhongguancun Science Park, Mr. Paul Conway, global managing deputy president of Cargill and Mr. Ralph Apple, global business supervisor of Cargill, Mr.Gerrit Hueting, Mr. Liu Jia and Mr. Guo Xinqiu, chairman, general manager and managing deputy general manager of the Chinese party of Cargill Asia Pacific Food Systems (Beijing) Co., Ltd respectively, Mr. Yang Yubao and Mr. Wang Shugang, director and deputy director of Huilongguan Area Office, Mr. Liu Qun and Mr. Sun Mang, executive deputy president and assistant to the president of Beijing International Information Park Corporation participated in the signing ceremony.

Cargill is the largest food ingredient processing enterprises and the largest food supply chain provider having a history of 140 years in the world. The sales volume of Cargill surpassed US$63 billion in 2004, ranking the 14th among Fortune 500 companies. According to the international development strategy, Cargill will establish Cargill Investment (China) Co., Ltd R&D Center and Cargill Asia Pacific Food Systems (Beijing) Co., Ltd with a registered capital of US$15 million yuan. The R&D center will mainly serve for the global R&D center in Asia-Pacific region and participate in global R&D of Cargill. The food company will offer the newest food ingredient system and technological solution to China and 28 countries in Asia-Pacific regions. Some products will be sold to Europe and America. After the completion of the project, the yearly output value will surpass 1.5 billion yuan.

Deputy president Liu showed his welcome to Cargill's entry of Beijing International Information Industry Base. He said that Beijing International Information Industry Base will stick to the platform of international cooperation and the objective of drawing Fortune 500 enterprises. Through such measures as organizing high-level conference as Hainan Information Industry Development Summit, Fuzhou MNCs Forum, inviting such high-profile figures as former New York Mayor Rudolph Giuliani, Princess Michael from the U.K. and Prince Abdula Sultan from United Arab Emirates and organizing officials from embassies and consulates and international chambers of commerce and associations to participate in receptions and golf invitational tournaments to erect the internationalized image of Beijing International Information Industry Base, bringing forth rich channel resources. Presently, the base has established good cooperative ties with over 30 embassies and consulates, above 50 Fortune 500 Companies, more than 70 investment institutions and 80 first-class chambers of commerce and associations. The entry of Cargill shows that the base can and will continue to carry more MNCs' entry and construction.

Such leaders as Hong Qizhong and Wang Shugang, deputy head of Changping District and deputy director of Huilongguan Area Office said in their speech that as a place of good geomantic omen, Huilongguan is not only the first choice for habitation, but a hot soil for entrepreneurs. Local governments at two levels have committed to further optimize the environment to secure enterprises' development.

Leaders from the Changping Development and Reform Commission, Changping Administration of Taxation, Changping Local Taxation Bureau, Changping Administration for Industry and Commerce, Changping Bureau of Commerce, Changping Bureau of Industry and Changping Investment Service Center participated in the signing ceremony. Such media as Changping TV, Beijing Youth Daily, China Enterprises News and Beijing Business Today interviewed the event.