China's biggest poultry supplier said profits would be hurt by a report that some of its chicken was not properly inspected, as Yum Brands and McDonald's said they had stopped buying meat from the company.
Sales and profit would sustain a "certain amount of impact", New Hope Liuhe said in a statement to Shenzhen's stock exchange.
A state television broadcast reported on December 18 that Liuhe and other suppliers were not properly inspecting chicken bought from farmers for antibiotics and hormones.
In its statement, Liuhe said it had shut the deep-freeze plant in the city of Pingdu that was cited in the report and was cooperating with a government probe.
The company also apologised for the negligence of its workers and said it would "ensure a comprehensive test system is in place".
The poultry supplier's shares fell 0.1 per cent to 12.36 yuan as of the 11.30am trading break in Shenzhen, compared with a 1.1 per cent gain for China's benchmark Shanghai Composite Index. Liuhe's stock has dropped more than 26 per cent this year.
Yum, which operates the KFC and Pizza Hut chains in China, said on Friday that it had stopped buying from Liuhe's Lingyi factory in 2011 after checks on samples from the supplier found problems with the chicken.
The Shanghai food and drug regulator said on December 20 that tests conducted by a third-party agency during 2010 and 2011 found eight batches of chicken supplied to Yum by Liuhe had levels of antibiotics that did not meet prescribed standards.
The Louisville, Kentucky-based company, which received 44 per cent of its revenue from China last year, said it had stopped all supplies from Liuhe in August.
McDonald's said that it stopped deliveries from Liuhe the day before Yum did.
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
If you go
The flights
The closest international airport for those travelling from the UAE is Denver, Colorado. British Airways (www.ba.com) flies from the UAE via London from Dh3,700 return, including taxes. From there, transfers can be arranged to the ranch or it’s a seven-hour drive. Alternatively, take an internal flight to the counties of Cody, Casper, or Billings
The stay
Red Reflet offers a series of packages, with prices varying depending on season. All meals and activities are included, with prices starting from US$2,218 (Dh7,150) per person for a minimum stay of three nights, including taxes. For more information, visit red-reflet-ranch.net.
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
The rules of the road keeping cyclists safe
Cyclists must wear a helmet, arm and knee pads
Have a white front-light and a back red-light on their bike
They must place a number plate with reflective light to the back of the bike to alert road-users
Avoid carrying weights that could cause the bike to lose balance
They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians
