- China-Australia trade specialist Jatcorp (JAT) has provided an update on the development of its in-house products and brands
- JAT has produced the Jinvigorate Diabetic Formula, targeted at people with diabetes
- The formula will be produced at JAT’s ANMA facility in Melbourne and will be distributed throughout Australia
- JAT has also received the first orders for its children’s goat milk powder from Taiwan and its first order from Vietnam for formulated milk powder and lactoferrin
- The orders have a combined value of $414,000 and are being filled at the ANMA facility
- Additionally, JAT has developed the Moroka Formulated Milk Powder with Lactoferrin product, which will be distributed throughout China under a two-year agreement with Shengding
- Company shares remain in the grey, trading for 2.4 cents just before midday trade
China-Australia trade specialist Jatcorp (JAT) has provided an update on the development of its in-house products and brands.
Jinvigorate Diabetic Formula
JAT has produced a milk formula targeted for people with diabetes. Sydney University has analysed the product, which has now been granted the ‘Low GI Symbol Certification’ by the Australian Glycemic Index Foundation.
The product has been dubbed the Jinvigorate Diabetic Formula, which will provide nutritional support for people with diabetes.
The product will be manufactured at JAT’s ANMA facility in Melbourne and will be distributed throughout Australia.
Sales expansion to Taiwan and Vietnam
The company has received first orders of children’s goat milk powder from Taiwan. The orders are valued at a total of $354,000 and are being filled at the ANMA facility.
ANMA has also received its first order from Vietnam for formulated milk powder in 300g cans and lactoferrin in 60g cans. This orders will generate $60,000 in sales revenue.
While both orders are on a smaller scale, JAT expects to grow sales in Taiwan and Vietnam in the near future. Building on this, JAT has begun promotional work in Malaysia and expects to secure sales shortly.
Shengding distribution agreement
In addition, JAT has developed a product under a new brand. This product is called the “Moroka Formulated Milk Powder with Lactoferrin”.
JAT has entered a two-year agreement with Shengding which will grant Shengding the exclusive right to distribute the formula into supermarkets and new concept retail chains such as Hema Supermarket and 7Fresh, across China.
Shengding will also assist the company to distribute other products which are currently being developed.
Specifically, Shengding has agreed to purchase 100,000 tins of JAT’s products in the first 12 months of the agreement.
Company shares remain in the grey, trading for 2.4 cents just before midday trade.