Chinese feed manufacturer, New Hope Group is investing RMB 1.26 billion in a vertically integrated hog farming operation in Chongqing. This is the first time, the company has expanded from feed manufacturing to such downstream links as live hog farming, slaughtering and intensive processing.
The feed manufacturer is investing RMB 850 million in pig slaughtering and processing. This project is scheduled to be completed around 2018. Annual live hog output capacity will reach 320,000 heads; slaughtering and processing capacity to 500,000 heads; feed consumption to 105,000 tons; pork production capacity to 28,000 tons and meat products to 8,000 tons creating additional output value of RMB 1.5 billion and profit of RMB 330 million.