American Lorain Corporation (ALN) Issues New Guidance for 2010 and Reaffirms Guidance for 2009
American Lorain is a major processed food company that sells chestnuts, convenience foods, and canned, frozen and bulk food products both to domestic and international customers through their four subsidiaries. American Lorain has garnered global recognition by selling over 234 products to 26 provinces and administrative regions in not only China but 42 foreign countries. While business at American Lorain has been solid despite trying economic conditions faced throughout the globe, the future looks ever brighter for the young company with yesterday’s announcement. Yesterday, it was reported that the company’s management reaffirmed guidance for the current fiscal year and went…