China pig breeder Guangdong Wen's Group intends to invest 600 million yuan (US$92.7 million) to establish a pig farm which would produce 600,000 pigs annually.
The project will bring an output of about 1.5 billion yuan (US$231.8 million) annually, according to the company.
Wen's Group sent senior leaders to Songzi City, which is also in Guangdong province, to negotiate the establishment of the pig farm. The company decided to use Songzi as the location for the new farm due to Songzi's status as the biggest pig-offering county in Guangdong province since 1996. In 2010, it produced 1.15 million heads of slaughtering pigs.