China's CP Group will invest RMB 370 million (US$58 million) in building a new pig farm in Anhui Province in eastern China, capable of producing one million pigs annually. The group also plans to construct a RMB 2.4 billion (US$375.9 million) slaughtering line for 100 million chickens after the pig farm is complete.


“We are aiming to build a one-stop industry chain that involves crop planting, breeding, slaughtering and processing," said CP Group Vice President Yang Xiaoping. "The reason we choose Anhui as the site for the new farm is that this province has a population as big as 60 million, which means a huge market potential.”