China's Anhui Taiyang Poultry Co. Inc., formerly Parkview Group Inc., is expanding its duck business with the construction of a 49-acre breeding facility and a new stock symbol, DUKS (formerly PKVG).
The duck breeding facility, known as "Location 8," will hold 100,000 parent ducks, 15 million hatching eggs and 11 million commercial ducklings. "Several events during the second half of 2010 have positioned our company to achieve strong growth in 2011," said CEO and Chairman Wu Qiyou. "Our current operations consist of three business units: a breeding unit, food processing unit and feed processing unit. All three of our business units are fully integrated; thus, by increasing the capacity of our breeding unit through Location 8, we will have the inventory necessary to achieve significant growth in our other two units."
Construction of the facility is expected to be complete by the second quarter of 2011. The new stock symbol, which emphasizes the company's focus, is effective immediately.