China Yurun to triple pork production by 2012
China Yurun Food
Group, the biggest hog processor in China, is aiming to triple hog-slaughtering
capacity by 2012 to benefit from rising demand for the country's main meat
Chairman Zhu Yicai stated that the Nanjing-based
company wants to lift annual capacity from 18 million head to 50million, with
acquisitions and expansion accounting for the growth.
prices in China, the world's biggest consumer and producer of pork, have almost
doubled in the past two years. "The new policy creates
a unique opportunity for large-scale slaughtering houses, including us, to
rapidly strengthen market penetration," Zhu said. "Smaller players with low
hygiene standards will be phased out."
which posted a 71-percent jump in first-half profit this week, is planning
HK$1.7 billion of capital expenditure this year.
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