October 4, 2013

China's Da Bei Nong to invest in four new feed mill projects

China's Da Bei Nong Group has announced its plans of constructing four new feed mill projects in the country worth CNY350 million (US$57 million).

The first project is the construction of a feed mill in Jiangshan, Zhejiang province with an annual production capacity of 300,000 tonnes of feed. On the 40 acre site, the company also plan to build a R&D centre, production workshops, warehouses, staff quarters, canteens, laboratories, and more. Funding of CNY99 million (US$16 million) will be used for this project and a new company will be incorporated for its operations.

Its second project is to construct a 240,000/annum feed mill in Bengbu, Anhui, to be located on 60 acre of land, which will also be the site of warehouses, an R&D centre, office buildings and other ancillary facilities. A total investment of CNY82.7 million (US$13.5 million), of the company's funds will be used for this project and a new company will be incorporated for its operations.

The company's third project is to construct an total mixed rations (TMR) plant with an annual output of 180,000 tonnes in Xiping, Henan, on 60 acre of land and come at a total investment of CNY70.4 million (US$11.5 million). Again a will be incorporated for its operations at the batch mixed feed plant.

Lastly, its fourth project involves the building of a feed mill in Meizhou, Guangdong, which will have an annual output of 240,000 tonnes of mainly pig feed. The site is 80 acres and will have a total investment of CNY94.6 million (US$15.5 million). Once again a new local company will be formed for the running of the feed mill.