C&D Inc., LIFT the value.

Xiamen C&D Inc. Stock Code: 600153.SH

C&D Inc. entered into a letter of intent for cooperation with Luckin Coffee

Date: 2022-09-08 | Source:C&D Inc.
On the eve of the 22nd China International Fair for Investment & Trade (CIFIT), the 4th BRICS Forum on Partnership on New Industrial Revolution was held at the Xiamen International Conference & Exhibition Center on September 7. During the forum, Xiamen C&D Inc. (600153.SH) and Luckin Coffee Group Co., Ltd. (Luckin Coffee) signed the letter of Intent to cooperate in coffee bean procurement at the BRICS Innovation Center Project Signing Ceremony.
Xiamen C&D Merchandise Co., Ltd. (C&D Merchandise), a wholly-owned subsidiary of C&D Inc., will undertake this project to further cooperate with Luckin Coffee. To support Luckin Coffee's plan for the next three years of purchasing about 45,000 tons of coffee beans in Brazil, C&D Merchandise will provide the company and its upstream and downstream partners with a full range of supply chain services, such as supply of coffee and other food ingredients and bonded warehouse management and delivery at multiple ports, so as to facilitate their continued cooperation in the coffee industry in Brazil.
Equipped with a capacity to supply food worldwide and extensive experience in the industry, C&D Merchandise has in recent years entered into in-depth cooperation with foreign coffee producers and domestic brand coffee enterprises. While bringing in high-quality resources from home and abroad to optimize the procurement and marketing chains, C&D Merchandise conducts data-oriented and precise product development and works with brands for joint operation, so as to provide customized "LIFT" supply chain services.
Going forward, C&D Inc. will further strengthen its supply chain to integrate into the new development paradigm by leveraging the two platforms of CIFIT and BRICS, and join hands with more partners to accelerate the transformation of BRICS cooperation achievements for mutual benefit.