December 18, 2009


AgFeed forms alliance with Hypor



Animal feed and pork company AgFeed Industries Inc has formed a joint venture with Hypor B.V. to develop, operate and market a genetic nucleus farm in Wuning, China.


The new company, Hypor AgFeed Breeding Company Inc. will be owned 85% indirectly by AgFeed and 15% by Hypor.


The Wuning farm will be stocked with the best pure-line animals and genetic material imported from Hypor's purebred facilities in Canada and France for cross-breeding purposes.


In addition, the facility will supply AgFeed's multiplier breeding farms in Lushan and Ganda with genetically-superior hogs that are bred to be productive and efficient, allowing AgFeed to maximise its hog production and improve feed conversions at these facilities. Also, any excess capacity produced by the Wuning farm will be marketed to other hog farmers, allowing the joint venture to maximise its profit potential.


AgFeed Industries chairman Songyan Li commented, "When we entered into our original relationship with Hypor in April we embarked on the development of a scientifically bred hog population that would result in the production and sale of about 2 million 'Green Certified' hogs into the Chinese market during 2010-2011. With the formation of Hypor AgFeed Breeding we will ensure the genetic quality of our hog population from the top of the breeding pyramid to market."

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