China: COFCO invests in pig production
China National Cereals, Oils and Foodstuffs Import and Export Corp (COFCO) is set to invest US$588 million in Tianjin for a complex combining pig farms with a processing plant.
Located in Baodi district, the complex is expected to turn out 2 million live hogs and 150,000 tonnes of pork per year after its completion in five years. The move is to meet the growing demand for pork in Beijing and Tianjin. Industry analysts expected that annual pork demand in Tianjin will reach 275,000 tonnes in 2010.
COFCO expects to finish the first phase of the project before the end of this year when an ecological pig farming community with total investment of CNY 300 million (USD 44 million) will be operational and have an annual capacity of 220,000 live hogs.
To comment, login here
Or register to be able to comment.