January 19, 2009
Taiwan Sugar Corporation to set up hog farms in China
With the possible deregulations of state-run enterprises in China, Taiwan Sugar Corporation is working on plans to set up hog farms in several regions there.
In the long term, Taiwan Sugar will raise one million hogs in China annually.
The company plans to set up an integrated chain to include breeding of livestock to marketing of meat, it will be the first Taiwan state enterprise to set up shops in China.
By the end of this year, Taiwan Sugar will have worked out a feasibility study for investing in China, submitting the plan for legislative approval for budgetary permission in 2010.
According to its preliminary investment plan, Taiwan Sugar will invest between NT$5 billion (US$151.51 million) and NT$7 billion (US$212.12 million) in China, including the establishment of hog-raising farms, hog-slaughter houses and meat-processing plants.
Running the largest hog-raising firm in Taiwan, Taiwan Sugar can raise 300,000 hogs yearly, which gives it ample disease-prevention experience and technologies to take to China.
Taiwan Sugar will locate the farms in eastern, central and northern China, together with feed plants, with a potential site being in eastern China, especially Jiangsu Province.
