Shuanghui Group plans major increase in pork production

Chairman Wan Long of Shuanghui Group, the largest hog processor in China, will increase pork production volume by 50% his year, Bloomberg reports.

The firm has said that it will invest 6 billion yuan this year to build new projects in cities which include Harbin, Changchun, Shenyang, Nanning and Kunmin.

The company said it may slaughter 15.5 million hogs compared with 10.3 million slaughtered last year.