American Dairy, Inc. (ADY)
News and Research on American Dairy, Inc. (ADY)
Business Description
American Dairy, Inc., through its subsidiaries, engages in the manufacture and distribution of dairy products under the ‘Feihe’ brand name in the People’s Republic of China. The company's products include Milk powder product, Soybean powder products, walnut powder and other products that include walnut powder, walnut dew, walnut oil and rice powder/rice cereal.
Subsidiaries
The company’s subsidiaries include - American Flying Crane Corporation; Langfang Flying Crane Dairy Products Co., Limited; GanNan Flying Crane Dairy Products Co., Limited; Heilongjiang Feihe Dairy Co., Limited; BaiQuan Feihe Dairy Co., Limited; Beijing Feihe Biotechnology Scientific and Commercial Co., Limited; and Shanxi Feihesantai Biotechnology Scientific and Commercial Co., Limited
Products
Milk Powder: This is the company's primary product and is divided into sub-categories. The company produces milk powder for babies and young children formulated for 0 to six months, six months to one year, one to three years and three to five years of age. The company also produces milk powder for students and for the middle aged and elderly population.
Soybean Powder: Soybean Powder is an auxiliary product to the company's milk powders and represents a low fat, high calcium alternative to cow’s milk, particularly for seniors.
Walnut Powder and Other Products: The company produces other auxiliary products which it markets in conjunction with baby milk powder as well as to health-conscious adults. These products include walnut powder, walnut dew, walnut oil and rice powder/rice cereal.
Walnut Powder Operations
The company produces and distributes walnut powder and other walnut products through its subsidiary, Shanxi Feihesantai Biotechnology Scientific and Commercial Co., Limited. The company also produces soy bean powder and rice cereal.
Customers
As of December 31, 2006, the company's customer was Heilongjiang Changxin Dairy.
History
American Dairy, Inc. was founded in 1962. The company was formerly known as Gaslight, Inc.; changed its name to Lazarus Industries, Inc. in 1998; and to American Dairy, Inc. in 2003.
