December 14, 2012
China - Update on recent industry developments (week ended Dec 14, 2012)
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Kingbull builds 10,000-head beef cattle industrial park in Gansu
Shaanxi Kingbull (Qingbao) Co. Ltd. has signed an investment agreement of an estimated value of RMB300 million with the local authorities to build a modernised 10,000-beef cattle industrial park in Pingliang, Lingtai County, Gansu province.
The construction will start in April 2013. By December 2013, a 5,000-head beef cattle barn will be completed, along with the commencement of the feed factory operations. The facility is expected to fully complete constructions by 2014.
Shanxi to build RMB100-million feed processing facility
Shanxi Jinlong Group and Neihuang, Anyang county have signed an agreement to invest RMB100 million to build a feed processing facility with an annual capacity of 500,000 tonnes.
Once in operations, this will be the leading feed enterprise in Neihuang with an annual sale of more than RMB1.2 billion, converting 200,000 tonnes of agriculture by-products yearly.
Kondarl builds 500,000 tonnes feed production base in Henan
Shenzhen Kondarl (Group) Co. Ltd. announced that it has signed a RMB160 million Investment Framework Agreement with the provincial government of Mengzhou, Henan, to build a 500,000-tonne feed production base and supporting facilities.
According to the agreement, a 500,000-tonne annual capacity feed production facility will be constructed at an estimated value of RMB80 million. Secondly, there will be an expansion of R&D centre at an estimated cost of RMB50 million. Lastly, a 10,000-mu eco-aquaculture breeding facility will be constructed at around RMB30 million.
Hisun's export growth ranks top in Taizhou, Zhejiang
From January to September 2012, key state enterprise Zhejiang Haizheng Pharmaceutical Co. Ltd. (Hisun) has exported 3,082 tonnes of enramycin and hygromycin premix feed, which topped in Taizhou, Zhejiang in export growth. Haizheng has implemented globalisation strategies with a focus on industry restructuring and transformation to shift from quantity expansion to quality improvement.
Kondarl eyes acquisition of two Xiamen agri-firms in Fujian
Shenzhen Kondarl (Group) Co. Ltd has proposed to acquire Muxing Industrial Co. Ltd. and Yuanshengtai Foods Co. Ltd. in Xiamen, Fujian. In a public announcement, Kondarl has signed a Letter of Intent with these two Xiamen companies.
Muxing has a registered capital of RMB1 million and its main operations include: feed, livestock, hogs and poultry breeding, distribution and sales".
As of September 30, the company's total assets are valued at RMB42.99 million, liabilities at RMB32.32 million and net assets of RMB10.68 million.
In addition, Yuanshengtai has a registered capital of RMB300,000 and its main operations include: sales and distribution, fresh frozen livestock and poultry products, pre-packed food products. As of September 30, the company's total assets are valued at RMB3.67 million, liabilities at RMB13.1 million and net assets of negative RMB94.3 million.
New Hope Group invests RMB5.2 billion in feed processing chain in Yunnan
New Hope Group is developing a feed phosphate processing chain which involves mining, processing and finishing in Yunnan. The investment includes construction of a processing base and an exploration of a mining facility in Tangdian County, Kunming.
Currently, New Hope Group has invested a total of 17 projects in Yunnan's broiler and dairy industry, worth an overall investment of RMB4 billion.
Its dairy brands: Xuelan Dairy and Diechuan Dairy hold number one market share in Yunnan's dairy market and is planning to construct a production base for Xuelan Dairy.
* 1 hectare (10,000 sq. meters) =15 Mu
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