Genus expands pig breeding stock in China
British swine breeder Genus, holding company of PIC, reported an expansion of its porcine breeding stock production network in China.
Genus has contracted to lease production nucleus capacity in Liaoning province to meet forecast increases in demand as more world class pig units are established as a result of Chinese government initiatives to promote modernisation in the agricultural sector.
The new©production nucleus©farm is expected to commence activities©in October 2010 and©when completed the British breeder will have established sufficient production capacity to enable its customers to breed an estimated 17 million pigs per year in©China.©
This represents almost twice the whole©UK©output for pigs.
Dairy
Genus also announced an agreement in principle with Chinese dairy company Mengniu to establish a joint venture©to©produce elite bovine genetics©in©China, a deal which it called an important breakthrough in its strategy©to©enter the local market in©China.
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