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Food & Beverage

Zhongpin to Build Pork Processing Plant in China

June 14, 2010
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Chinese meat and food processing company Zhongpin Inc. said it will build a new processing plant and distribution center in the Jiangsu province city of Jiangyan reports the Associated Press. The company said it will invest about $63 million the 220-acre plant. Construction is slated to begin in August. The company expects the first phase, which will focus on cold storage for pork, to be completed in the third quarter of next year. A second phase for production of prepared pork products, is slated to be completed in the first quarter of 2012. Zhongpin said the processing plant will be its first entry into the eastern China market. Management expects it will help save on its delivery costs, quicken its response to the market and help boost sales.
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