November 24, 2003

Thailand's CP and Shandong's Linghua Group To Jointly Build a 100,000 Tons Lysine Production Plant

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Thailand's CP Group and Shandong's Linghua Group are jointly investing to build a lysine plant with a 100,000 tons production capacity. The signing ceremony was held on October 20 in Shandong province.

The total investment for this project is RMB 1 billion, and the 82.5-acre-plant will be built at Jining Hi-Tech Development Area in Shandong province.

With CP Group's advanced lysine fungus cultivation expertise and Linghua Group's sound production strength, coupled with both companies' access to the markets in China and Thailand, the initial sales revenue is projected at an annual RMB 1.9 billion and net profit at RMB 1 billion.