New Article in Greater Wilmington Business Journal

Chuck Schoninger and USA InvestCo were featured in a recent news article from the Greater Wilmington Business Journal.  The article, entitled “Yeoman yuan, Chinese investment in Wilmington projects increase,” discusses Chinese investment in the State of North Carolina through the EB-5 program.  The article also discusses the Port of Wilmington Cold Storage project in more detail.

You can read the full article on the Greater Wilmington Business Journal’s website.

Star News Features Port of Wilmington Cold Storage

The Star News wrote a recent article featuring the Port of Wilmington Cold Storage project entitled “Chinese money will help build cold storage at Port of Wilmington”.  You can read the full article on the Star News website.

 

Site-plan and Architectural Drawings Completed

 

 

NC Exports Hit Record High

NC exports hit a record high of $14.8 Billion USD, in the first half of 2012.  North Carolina merchandise exports increased by 6 percent in the first half of 2013, according to the U.S. Department of Commerce’s International Trade Administration (ITA).

Read the full article on the Greater Wilmington Business Journal website.

Pre-construction on the Port of Wilmington Cold Storage Facility

Pre-construction activities on the PWCS project have started.  Catlin Engineering is in the process of taking boring samples on the PWCS site. This site investigation will provide information on the soil quality and density at various depths. Our architects, engineers, and general contractor will use this information to ensure that we have the appropriate structure on which to construct the PWCS facility.

NC Ranks 5th in Nation for Chinese Investment Dollars

North Carolina ranked the 5th-largest state in the Nation for Chinese investment, according to a recent article from the Triangle Business Journal.  Chinese Investment in NC follows only investment in California, New York, Texas and Illinois. North Carolina attracts Chinese investment dollars largely thanks to connections through the state’s universities. The article also details the pending sale of Smithfield Foods to China’s Shuanghui International Holdings Limited, a $5 Billion sale.

You can read the full article on the Triangle Business Journal website.

Port of Wilmington Cold Storage Site

Port of Wilmington and Maersk Line Collaboration

Port of Wilmington and Maersk Line, the world’s largest container shipping company, are working together to expand the port’s global market. One way that they have done this is by encouraging companies to change their methods of shipping cargo to South America. These companies are now using more efficient methods of shipping through the Port of Wilmington. Maersk is also adding additional port calls to the South Atlantic Express, which offers service between Port of Wilmington and Latin America. All of this will lead to more opportunities for shipping through North Carolina. Read more about in the Greater Wilmington […]

The North Carolina Cold Storage Market

NC Exported 14,580 Tons of Pork to China in 2010
NC Exported 13,615 Tons of Poultry to China in 2010
NC has 60 Poultry Production Companies
NC has 6 Pork Powerhouses
NC is largest producer of sweet potatoes in the US, 47% of all sweet potatoes are grown in NC.
NC Ranked #2 in Turkey Production
NC Ranked #6 in Pork Production
NC Ranked #3 in Poultry Production

Global Outlook for Agricultural Products

The fiscal 2013 export forecast for livestock, poultry, and dairy is raised $300 million to a record $30.1 billion, with gains in poultry and beef outweighing reductions I pork.
Expansion in the Japanese market and strong demand in other major markets offsets restrictions by Russia. Poultry exports are forecast up $200 million, bolstered by rising global demand and higher unit values.
Pork exports are lowered $200 million mostly on lower unit values and smaller volumes although Russia’s import ban is expected to result in redirected shipments to other markets
The whole and processed tree nut forecast remains at $7.0 billion, on the […]