February 13, 2007

Shineway expands soy production

China's largest meat processor, Shineway Group, is working with a US company Solae to expand its soy protein production.

Shineway unveiled a new isolated soy protein manufacturing facility in Luohe, Henan province, by working with Solae.

Costing RMB 200 million (US$ 26 million), the new plant has a production capacity for 22,000 tonnes of dry soy protein a year. This allowed Shineway to expand its local manufacturing base while enabling the availability of higher, more functional soy proteins in China.

Soy protein can improve meat products' nutrition quality, said Wan Long, Board Chairman of Shineway Group. Partnered with Solae, Shineway can offer both animal protein and vegetable protein, completely meeting consumers' health and nutrition needs, Wan added.

In 2004, The Solae Company and Shineway Group jointly opened a plant that can produce 5,500 tonnes of soy protein concentrate annually for Shineway's use.

Headquartered in St. Louis, Missouri, Solae was formed through an alliance between Bunge Limited and DuPont, with annual revenue exceeding US$1 billion.