American Lorain Corporation (ALN) Issues New Guidance for 2010 and Reaffirms Guidance for 2009
QualityStocks (November 20th, 2009) Writes:
American Lorain is a major processed food company that sells chestnuts, convenience foods, and canned, frozen and bulk food products both to domestic and international customers through their four subsidiaries. American Lorain has garnered global recognition by selling over 234 products to 26 provinces and administrative regions in not only China but 42 foreign countries.
While business at American Lorain has been solid despite trying economic conditions faced throughout the globe, the future looks ever brighter for the young company with yesterday’s announcement. Yesterday, it was reported that the company’s management reaffirmed guidance for the current fiscal year and went so far as to issue new guidance for the next fiscal year ending December 31, 2010.
Leading the way at American Lorain is Mr. Si Chen who serves as their Chairman and CEO. Chen founded Shandong Lorain, the first subsidiary of Lorain Group Company, in 1994, and served as the
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