Chinese processed fruits products maker Tianyun International Holdings Ltd has agreed with energy to agricultural company Sichuan Development Holding Co. Ltd to jointly invest 200 million yuan ($29.5 million) to form a joint venture (JV) company in China.

The JV company will make full use of the strengths of each party, the geographical advantage of Sichuan Province to collaborate in developing a supply chain for processed agricultural and food products and a raw materials supply base with international standards.

Moreso, the JV will set up a fruit and vegetable processing centre, grading centre and trading centre in Sichuan Province.

Additionally, the company will focus on businesses such as fruit and vegetable especially in grading, canning and processing, ice cream, functional beverage, international trade.