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 Million dollar deal signed in Young 

Million dollar deal signed in Young

23 Nov, 2009 03:36 PM
MR Jing Bang Zou, proprietor of Jim’s Honey in Young, has signed an agreement in the boardroom of Lambing Flat Enterprises with representatives of Korean company, Kim Jeong Moon Aloe Co. Ltd. on Friday morning.

The deal will see Mr Zou export Propolis (a honey extract) to Korea, in a deal that he said will be worth about one million dollars a year.

“I would expect to be exporting one tonne of Propolis every month,” said Mr Zou.

“The Koreans want our product because it is so pure, ours is the best in the world.

“It is going to be a lot of hard work and I really do need as many bee-keepers as possible to produce the raw material.

“This deal is just the first, we now have Korea, later we will get the Chinese, European and Japanese markets and the U.S. market is a very big one.

“I can see a great future for this industry in this country,” said Mr Zou.

Four representatives from the Korean company travelled to Australia to sign the deal with Mr Zou and members of Young Shire Council, including Councillor John Walker, actually managed to find the visitors accommodation.

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