American Lorain (ALN:AMEX)

• Published 25 Mar 2010

American Lorain faces fierce competition in overseas markets for chestnuts and may require intensified marketing efforts to drive domestic sales. Its optimism for 2010 may not be justified.

BackgroundAmerican Lorain Corporation (ALN:AMEX) is a food manufacturing company, which chiefly exports chestnuts and chestnut products to Japan, South Korea, the US and Europe, but recently turned to the domestic market because of declining international sales. The company operates through its subsidiaries Shandong Lorain, Luotian Lorain, Junan Hongrun Foodstuff and Beijing Lorain.

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