New Hope Group to build new plant in north China

Joint venture with South Korea’s Cofeed Feedmill

December 9, 2009

To develop the feed market in Inner Mongolia and northern China, Sichuan-based New Hope Group, a major Chinese feed company, announced today that it will set up a joint venture in Liaoning province with South Korea’s Cofeed Feedmill (Changchun) Co. Ltd.

The total investment for this venture is about US$1.46M (¥10M), and New Hope will contribute 60% of the total, said the company.

Along with feed production, this plant will also produce live pigs and veterinary drugs.

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