April 16, 2009
Shineway Group to set up chicken farm in Henan
Shineway Group, a food processing company in China, will allocate as much as RMB1.15 billion (US$168.4 million) to set up a chicken farm in Luohe, Henan Province.
The establishment of this farm is to fulfil the supply order of 50 million chickens to a Japanese ham maker following the signing of the agreement by the two parties on Monday (Apr 13).
The farm is scheduled to begin construction in the first half of 2009 and it will be operational by 2010. Upon completion, the farm will have an annual sales of RMB3 billion (US$439.2 million), making it one of the main projects in Luohe this year.