November 10, 2008
Zhongpin Inc announced that they had commenced production at its new prepared meat facility in Changge City, Henan and has increased annual production capacity for prepared meat products by 114 percent.
Zhongpin, a leading meat and food processing company in China, began construction of the new prepared meat facility in the first quarter of 2008 with an investment of approximately US$13.2 million.
The new facility is located at the Company's main production base, Zhongpin Industrial Park, and has annual prepared meat-production capacity of 28,800 tonnes. The new facility will increase Zhongpin's total annual prepared meat production capacity to 54,000 tonnes from the current 25,200 tonnes.
Zhongpin expects the new facility to achieve an over 80 percent utilisation rate by the second quarter of 2009.
Zhongpin specialises in pork and pork products, and fruits and vegetables. Its distribution network in China spans more than 24 provinces and includes over 2,960 retail outlets. Zhongpin's export markets include the EU, Eastern Europe, Russia, Hong Kong, Japan and South Korea.