December 18, 2007

Largest pig breeding base to be set up in China's Hubei province

China's largest pig breeding base will be set up in central China's Hubei province, the Hubei Daily reported.

The project, named "Project 5113", is a cooperation deal between China Oil and Food Corporation (COFCO), the country's largest oil and food importer and exporter, and the Hubei provincial government.

COFCO announced to invest around US$1.3 billion to build a pig-breeding base with a capacity of 500,000 breeder pigs. The base is estimated to process 10 million pigs each year.

The company said it would work closely with its foreign counterparts and introduce international expertise in managing the base. The base will have subdivisions in charge of breeding, disease control and pork food research & development.  

Upon completion, the pig-breeding base is forecast to reap an annual sale volume of US$1.35 billion, making it the largest of its kind in China.