Victor Smorgon Group eyes China agro market

The Victor Smorgon Group, a privately owned industrial leader with diversified businesses in Australia, is looking for trade and investment opportunities again in China after it quit the steel business in the world's second-largest economy some two decades ago, according to a senior company executive.

"We are planning to export agricultural products to the Chinese market, as well as seeking other investment opportunities, as both countries are highly complementary in the agricultural industry," said Peter Edwards, managing director of Victor Smorgon Group.

With plenty of land, natural resources and an advanced technology and management system, Australia, whose agricultural industry has great advantages in terms of cattle farming and planting crops, would provide agricultural products to consumers in China, where demand is growing for high-quality foodstuffs, according to Edwards.