CLAIM: "Fufeng USA is a global leading bio-fermentation company manufacturing products that serve fast-growing animal nutrition. Their headquarters is in Chicago, Ill. Fufeng USA has chosen to invest in Grand Forks to establish a wet corn mill processing plant in the United States."
"Fufeng USA Group is publicly traded on the Hong Kong Stock Exchange. The US Securities and Exchange Commission has a supervisory oversight relationship with the Exchange. Fufeng USA Group has many US and European institutional investors including TreeTop Management, Vanguard, Fidelity, Mellon, and Blackrock, all heavily regulated."
Regional farmers will have the option to sell to elevators or Fufeng USA. "The North Dakota Corn Growers Association, a farmer led membership organization focused on policy that impacts North Dakota corn producers, were pleased with the announcement that Fufeng USA will establish a wet corn mill in Grand Forks. They issued a press release indicating the project will have tremendous value to regional farmers."
As the university already financially benefits from Fufeng's presence in Grand Forks, the full scope of UND's interest in current and future projects involving Fufeng should be disclosed.
In Heilongjiang province, Fufeng's subsidiary Qiqihar Fufeng is located less than 50 miles from the sprawling Liusan Prison farm, managed by the Communist Party Committee Deputy Secretary of Liusan.
One of Fufeng's largest plants, Neimenggu Fufeng Biotechnologies, is located in Hohhot City in Inner Mongolia.
Should an investigation be raised by Commerce, State, or Treasury into the activities of any Fufeng Group subsidiary in connection to forced labor, it is highly likely that Fufeng would be unable to satisfy the rebuttable presumption of participation in the forced labor and abusive regimes in place in China.
https://fortisanalysis.substack.com/p/belt-and-road-comes-to-the-heartland-5e5?s=w
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