Yunnan Xiongbao Spice Co., Ltd. (hereinafter referred to as “the Company”) is a sino-foreign joint venture to be operated for a period of 20 years registered at Yunnan Provincial Administrations for Industry & Commerce on November 12, 1993, with a total investment of 300,000 USD by the former Chuxiong Cigarette Factory and Sykes Company of France, which put up an amount of capital of 165,000 USD and 135,000 USD respectively or an amount of capital accounting for 55% and 45% of total investment respectively that was fully contributed by the end of 1994. The Company changed it registered capital as 258,000 in 2010 and extended its business term to 2043 with the same scope of operation in 2013.
At present, the Company has accumulated an asset of over ten million yuan after over 20 years of development and revolution. It possesses modern multifunction extraction equipment and advance modern stainless steel vaccum concentration multifunction equipment for flavors and fragrances. Meanwhile, it has the most advanced detecting & inspecting devices. With a capacity of 1000 tons of annual production of natural flavors and fragrances, it has 60 employees, of which 43 are middle and senior professionals or technical personnel, 60% of which with bachelor’s degree or above, 30% of which were graduated from three-year colleges, and 20% of which were graduated from two-year colleges. The Company has set up institutions such as technology research & development center, production quality testing center, administration center, marketing & service center, as well as finance center.
Since its inception, Yunnan Xiongbao Spice Co., Ltd. has established business relationship with tobacco companies in Yunnan and provided tobacco auxiliary materials to tobacco organizations such as Chuxiong Cigarettes Factory, Huize Cigarettes Factory and Dali Cigarettes Factory. It has been cooperated with Hongyuhonghe Group and Hongta Group for decades. With unremitting efforts by Xiongbao staff and their persistence over a long period, the Company has now gradually developing business relationship with most of the tobacco companies under China Tobacco as well.
The unique characteristic of plant diversity in Yunnan has provided rich and outstanding natural resources for the Company to research and develop natural flavors and fragrances and has laid solid foundation for the Company to develop indigenous spices.
Under the spirit of “innovation and development, pursuit of excellence, sincerity and cooperation, prudence in operation”, the Company has been committed to driving the development of the industry with its own development, building platform for sustainable development, advancing the internationalization of the company, and providing cigarette products in all respects. The company’s staff will constantly bring more fragrance to the world with extraordinary creative inspiration.