March 28, 2012

Binxi Cattle wins US$14 million from Jiuding Capital

According to the global supplier of McDonald's, Binxi Cattle won RMB90 million (US$14.26 million) from Jiuding Capital, as revealed by the people well informed on the matter on March 26.

According to public data, Binxin Cattle, founded in June 2005, has grown to be a comprehensive agricultural processing enterprise integrating beef cattle breeding, slaughtering and processing, cooked food processing and frozen and fresh corn processing. In 2009, the company, the largest animal and poultry slaughtering and processing company in Heilongjiang Province, has upgraded to be the global supplier of beef of McDonald's in China to supply 70% beef purchased by McDonald's.

Media reported earlier that Binxi Cattle has ranked No.1 by processing 100,000 pieces of and exporting US$20 million beef cattle in 2011.