Zhongpin Inc Expands in Northeast China

   Date:2006/12/31
Chinese pig meat processor Zhongpin Inc has signed an agreement with Heilongjiang Gongzhun Meat Food Co., Ltd. to lease a production facility in Hailun City, Heilongjiang province.

The newly-leased plant expands Zhongpin's access into the northeast China market, primarily in Heilongjiang province, Jilin province and Liaoning province.

The addition of the Heilongjiang plant increases Zhongpin's production capacity of chilled and frozen pork and will increase the company's potential revenue. Total capacity at the factory is 80 metric tons a day, which includes 50 metric tons of chilled pork and 30 metric tons of frozen pork.

The lease agreement covers the assets in the facility, including live pig slaughtering, cutting and refrigeration facilities, railway lines and water, electricity, sewage, barns, logistics, lodging, offices and sales outlets and other slaughtering-related facilities, equipment and manufacturing instruments.

The distribution network for the plant covers Heilongjiang province and other parts of northeast China, as well as exports.

"The addition of the Heilongjiang production facility is an important step in increasing our capacity as we continue to increase our market share by meeting market demand for high-quality, fresh and nutritious meat products," said Baoke Ben, Executive Vice President of Zhongpin Inc. .

"This production facility also enables us to increase our presence in northeastern China with the advantage of immediate access to fresh products that will help us build a national brand for pork and meat products," said Ben.

Zhongpin is a meat and food processing company that specializes in pork and pork products, and vegetables and fruits, in the Peoples Republic of China. Its distribution network in the PRC spans more than 20 provinces and includes over 2,290 retail outlets. Zhongpin's export markets include the European Union, Eastern Europe, Russia, Hong Kong, Japan and South Korea.

Source:佚名

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