Replies to post #4190 on RCMW Group Inc (fka RCMW)

[compgeek]

When exactly did Mike become CEO of CPOW? Wasn't it much later than Sept? (Excuse my poor memory)

[steve5]

Ok. Let's focus on more updated information.

This info is interesting, for those who have stated the cooking oil market is "saturated", "unprofitable", "low margins", etc.
Chongqing Red Dragonfly is one of the Chinese companies included in this comprehensive and costly study:

http://www.reuters.com/article/2011/05/25/idUS228859+25-May-2011+BW20110525

Research and Markets: China Edible Vegetable Oil Industry Report, 2010-2011
Wed May 25, 2011 4:16pm EDT


http://www.researchandmarkets.com/research/e60964/china_edible_veget has announced the addition of the
"China Edible Vegetable Oil Industry Report, 2010-2011" report to their offering.

"In recent years, the output and consumption volume of edible vegetable oil keeps rising.
The operating income of edible oil industry in China rocketed from RMB236.2 billion to RMB532.3 billion during 2006-2010,
with a CAGR of 22.5%; the total profit nearly tripled from RMB6.5 billion to RMB19.2 billion with a CAGR of 30.9%."