June 5, 2008

Yurun to increase investments in China's Liaoning province

Jiangsu-province based Yurun Food Group had upped its investments in the north-eastern Chinese province of Liaoning.

On top of existing investments, Yurun had signed agreements with the local governments of Benxi and Huanren on Monday (Jun 2), all aim at enhancing its presence in the province.

In Benxi, Yurun will build a 100,000 heads/year hog farm as well as a 10 million heads/year rabbit production farm. Yurun will also be investing in a broiler duck production plant in Huanren district.

Once completed, these projects are expected to generate RMB3.5 billion in income for the company. Presently, Yurun has selected the site for the projects in Benxi. Site selection and company registration for the Huanren project will be completed soon.

RMB1=US$0.1441 (Jun 5)