Congratulations to Yinghai (Cangzhou) Company For Being A Top 10 Company in the Fragrance & Flavor Industry
On June 6, 2014，the Chinese National Light Industry Council and China Association of Fragrance Flavor and Cosmetic Industries jointly published the Top 10 Companies in Fragrance & Flavor Industry in China, and Yinghai (Cangzhou) Aroma Chemical Company Ltd. was ranked number six on the list.
The selection was produced by a 4+X evaluation system, which included main business income, total profits, profit and tax rate of main business income. Industry associations can add another evaluation index X according to the industry characteristics to appraise companies.
To encourage companies to use information technology and enhance their product added-value, the Chinese light Industry Association added business development ability and R&D innovative ability as evaluation criteria to appraise the companies which wished to beon the Top 100(10 or 100??) list. This is different from the years before. The business development ability was evaluated by a company’s development of E-commercial and marketing channel, and the R&D innovative ability was evaluated by a company’s investment into their R&D. The results was confirmed by the Industry Association and validated by the Chinese Light Industry Council.