Zhongpin to Build a New Production Plant and Complex in China
December 13, 2010
PRNewswire reports, Zhongpin Inc. announced plans to build a new production, research and development, test and training complex in its home city of Changge in Henan province of China. The new facility will add 100,000 metric tons of capacity for prepared pork products, including Chinese-style, western-style, half-cooked, and easy-to-cook pork products. Adjacent to the production facility will be a new center for advanced research & development, test, training, and other support functions. Zhongpin plans to invest $58.5 million on the construction, excluding the land use rights that Zhongpin already owns. More than 80-percent of the production equipment will be internationally sourced. The company''s advanced cold-chain logistics system will support the expanding capacity. Construction for the first phase of 50,000 metric tons for prepared pork products is scheduled to start in the first quarter 2011 and be completed by the third quarter 2011, and the second phase, also with an annual capacity of 50,000 metric tons for prepared pork products, is expected to be completed in the fourth quarter 2012. The R&D center is expected to open by the fourth quarter 2012.