Zhongpin Opens New Pork Processing Facility
Zhongpin, a meat and food processing company in the
People's Republic of China has announced that it has completed the equipment
installation phase at its new plant in Luoyang City, Henan Province and will
start production immediately.
In April 2007, Zhongpin formed a new wholly-owned
subsidiary, Luoyang Zhongpin Food Company Limited, for the purpose of
constructing a production facility to be located in western Henan Province.
Zhongpin began construction of the new facility in August 2007 and
invested approximately $14.5 million in the project.
The facility has
the capacity to produce 70,000 metric tons of chilled and frozen pork annually.
Approximately 60% of the capacity is dedicated to the production of chilled pork
and the remaining 40% is dedicated to the production of frozen pork.
new factory increases Zhongpin's total production capacity for chilled and
frozen pork to 391,560 metric tons, excluding contributions by OEMs, an increase
of 22% from its current capacity of 321,560 metric tons.
Mr. Xianfu Zhu,
CEO of Zhongpin said ''the strategic location of our new plant offers us several
advantages. Henan Province is the second largest hog farming base in China and
our new plant will have convenient access to hog supplies.
Henan and nearby provinces account for one third of China's population and we
plan to focus our efforts on further developing this huge market for our
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