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July 10, 2010
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Henan Shuanghui to set up more meat production lines
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Henan Shuanghui Investment and Development plans to build three to five frozen meat production lines this year with an output of 15 million tonnes of pork, said Wan Long, the chairman of the parent company Henan Shuanghui Group.
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Wan said that Henan Shuanghui will focus on frozen meat during the 12th five-year plan and expects the company to achieve an output of 20 million tonnes of pork in 2011, with an annual output increase of three to five million pigs.
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Henan Shuanghui Group recently announced it will inject all its assets related to the meat business into Henan Shuanghui Investment and Development, a producer of frozen meat products and fresh meat, giving it a total of 312 million restricted shares made tradable on July 5, according to reports.
